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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

121 Highland Ave Marfa, TX 79843

2,890 SF 0.06 ac lot Built 1919
Property ID
Property summary
AI-generated overview

This exceptional retail property, located at 121 & 123 N Highland Ave in the heart of Marfa, Texas, presents a unique investment opportunity. Spanning 2,890 square feet on a 0.06-acre lot, this renovated adobe building boasts high ceilings and abundant natural light, creating a bright and inviting atmosphere ideal for a variety of retail businesses. The property's prime location on Marfa's premier street ensures high visibility and foot traffic, placing it in close proximity to popular restaurants and the iconic Marfa Courthouse. The building has been completely updated with all new systems, including HVAC, plumbing, and electrical, ensuring efficient and modern operation. The duplex configuration offers flexibility for multiple tenants or a single business seeking expanded space. This is a rare chance to acquire a meticulously renovated, highly desirable retail space in one of Texas' most sought-after art and tourism destinations. The asking price is $968,150. This property offers significant potential for strong returns on investment due to its location, condition, and the thriving Marfa market. The building's adobe construction adds to its unique charm and character, making it a truly distinctive retail space. Don't miss this opportunity to own a piece of Marfa's vibrant commercial landscape.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1919
Total area 2,890 SF
Lot 0.06 ac (2,614 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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