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Property profile & analytics
OFF-MARKET
Mixed-use properties

502 Edinburg St Marfa, TX 79843

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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