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    123 Austin St Jefferson, TX 75657

    For Sale
    $699,900

    Texas Hotel - Rich History, Investment Opportunity

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This remarkable property, located at 123 W Austin Street in Jefferson, Texas, presents a unique investment opportunity. The Historic Kahn Hotel, built in 1865, boasts a rich and varied past, having served as a saloon, mercantile, newspaper office, lodge, furniture store, and even a funeral home. Currently operating as a ten-room hotel, the property includes a one-bedroom, one-bath apartment complete with a private balcony overlooking Austin Street. Adding to its charm is an on-site coffee shop, perfect for guests and locals alike. The hotel sits on a 5,000 square foot lot in Jefferson's Historic District, offering a prime location within a vibrant community. The Kahn Hotel's history is deeply intertwined with the town's heritage; notably, country music legend Vernon Dalhart launched his career at the Kahn Saloon in the 1920s. This property offers the chance to own a piece of Texas history and capitalize on the thriving tourism industry in Jefferson. The asking price for this exceptional property is $699,900. The property's rich history and versatile layout provide a solid foundation for a variety of business ventures. This is a rare opportunity to acquire a piece of Jefferson's legacy and establish a successful enterprise. The property is located in Marion County, Texas, zip code 75657.

    Property Features for 123 Austin St

    General Information

    Property type
    Motels
    Square Feet
    5,000 SF

    HighLights

    • $699,900 asking price.
    • 5,000 square foot hospitality property with land.
    • Ten‑room hotel in Jefferson, TX, including a one‑bedroom apartment.
    • Located in Jefferson's Historic District at 123 W Austin Street, zip code 75657.
    • Features a coffee shop.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Marion
    State
    Texas
    Longitude
    -94.3452248
    Latitude
    32.7563145

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    FAQs

    What type of property is this?
    Motel - Texas Hotel - Rich History, Investment Opportunity
    Where is this motel located?
    The property is located at 123 Austin St Jefferson, TX.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: $699,900 asking price.; 5,000 square foot hospitality property with land.; Ten-room hotel in Jefferson, TX, including a one-bedroom apartment.
    Request Owner's contact information
    123 Austin St Jefferson, TX 75657
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    Jefferson, TX 75657
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Austin St Jefferson, TX 75657
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