1183 Mcharg St Stamford, TX 79553
This exceptional 9,689 square foot event center, situated on a 1.85-acre lot in Stamford, Texas, presents a unique investment opportunity. Boasting a rich history as the iconic Stagecoach Dance Hall, this venue has hosted legendary musical acts since the 1950s, including Willie Nelson, Earl Thomas Conley, Freddy Fender, and Gary Stewart. Originally a bowling alley, the property has been thoughtfully renovated and updated to accommodate a variety of events. Recent improvements include a new roof, updated central heating and cooling systems, fresh interior and exterior paint, energy-efficient LED lighting, and the addition of several large ceiling fans. The expansive space is ideal for weddings, concerts, family gatherings, and other large-scale events. Its versatile layout and established reputation offer significant potential for continued success as a premier event destination. The property's historical significance and prime location in Stamford, Texas, combine to create a truly remarkable investment opportunity. This is a chance to own a piece of Texas music history and shape its future. The property is priced at $424,900.
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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