502 Edinburg St Marfa, TX 79843
This exceptional Marfa, Texas property presents a compelling redevelopment opportunity. Priced at $350,000, this unique offering encompasses two oversized lots totaling between 9,000 and 10,000 square feet, situated on a corner lot at a prime location on a main thoroughfare. The property includes a charming adobe building featuring nine rooms, an attached garage with additional storage space, and a carport. Its strategic location offers significant advantages. The property sits directly across the street from the popular Waterstop restaurant and next to a winery, ensuring high visibility and foot traffic. The existing structure, while possessing character, allows for a variety of uses, making it ideal for adaptive reuse. The permitted commercial zoning opens doors to diverse possibilities, including a vacation rental, artist studio, gallery, retail space, or a mixed-use development. This one-of-a-kind property, with its two buildings and one pad, presents a rare chance to capitalize on Marfa's vibrant and growing market. The alley access behind the property adds to its functionality and potential. This is a must-see for investors seeking a unique and high-potential commercial venture in a desirable location. The property is zoned for commercial use and offers significant upside for the right buyer.
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.