Main St Calvert, TX 77837
This unique 1868 building in downtown Calvert, Texas, presents an exceptional investment opportunity. Situated on SH 6, it benefits from a prime location in the "golden triangle" between Texas A&M and Baylor Universities. Currently undergoing renovations, the property features a newly engineered and supervised steel-supported frame, complete with fire barriers and a sprinkler system. Two electric meters and partially completed plumbing are already in place. The flexible design allows for a variety of uses, including an event venue, a mixed-use space (business downstairs, living upstairs), an AirBnB, a restaurant, a retail shop, or office/commercial lease space. The building's versatility is further enhanced by a breezy balcony overlooking the historic downtown area. A stair/chair lift is included for accessibility. The 0.13-acre lot provides ample space for this multi-functional property. The building's existing renovations provide a solid foundation for a future owner to complete the project and realize its significant potential. The asking price is $499,000. This is a rare chance to acquire a historic building with modern upgrades in a thriving Texas town. The property is ready for a visionary owner to bring its unique character and potential to life.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.