6005 Fm 8 Desdemona, TX 76445
This remarkable 3,596 square foot building, situated on approximately 3 acres in Desdemona, Texas, presents a unique investment opportunity. The property boasts the historical significance of being the former Desdemona school, offering a rich history and character rarely found in commercial properties. The building features numerous rooms, a full kitchen, multiple bathrooms, and a gymnasium, providing ample space for a variety of uses. Imagine transforming this substantial structure into a large event venue, capitalizing on its unique charm and spacious layout. Alternatively, the property could be repurposed as a bed and breakfast, offering guests a memorable stay in a piece of Texas history. For those seeking storage or warehouse space, the building's size and layout provide excellent potential. The property's location in eastern Eastland County offers convenient access to Interstate 20 (18 miles) and Stephenville (22 miles), enhancing its accessibility and appeal. The proximity to Hog Creek, which contributed to Desdemona's historical nickname "Hog Town," adds to the property's distinctive character. Furthermore, the availability of adjacent acreage presents opportunities for expansion or development. This is a truly exceptional property offering a diverse range of possibilities for the discerning investor. The asking price is $325,000.
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
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Property description
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