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Property profile & analytics
OFF-MARKET
Commercial real estate

1101 3 Hondo, TX 78861

9,246 SF 0.52 ac lot Built 1902
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 1101 19th Street, Units 1, 2, and 3 in Hondo, Texas, presents a unique investment opportunity. The property encompasses a substantial 9,246 square feet situated on a 0.52-acre lot. Originally constructed in 1902 as the Armstrong Hotel, this landmark building boasts a rich history, having served railroad workers, military personnel stationed at the nearby Hondo Air Force Base, and numerous other guests over the decades. Its central location on Highway 90 places it in the heart of Hondo, offering excellent visibility and accessibility. Subsequent renovations added 10 rooms, significantly expanding its capacity. The building has undergone various improvements throughout its history, reflecting its enduring appeal and adaptability. Currently configured for retail use, the property offers considerable potential for a variety of commercial ventures. The asking price is $1,100,000, and seller financing is available, making this a compelling proposition for discerning investors seeking a piece of Texas history with significant upside potential. The property's prominent location and substantial size make it an ideal investment for those seeking a high-impact commercial property in a thriving community.

Property profile
Verified
Property type Commercial real estate
Year built 1902
Total area 9,246 SF
Lot 0.52 ac (22,651 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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