1 Market St Brenham, TX 77833
This exceptional 1.234-acre property, located in the heart of downtown Brenham, Texas, presents a unique redevelopment opportunity. Situated on a full city block with road frontage on all sides, the property is bounded by N Market Street, E Academy Street, Cottonwood Street, and Pahl Street. Currently improved with parking lots, an educational building, and an antique home, this site offers significant potential for a variety of uses, including hotels, residential housing (condos), retail spaces, or office buildings. The property boasts 4,111 square feet of existing structures, currently utilized as a two-unit garage/parking facility, with an asking price of $725,000 ($176.36 per square foot). No rollback taxes are anticipated per Washington County. This location offers unparalleled access to downtown amenities and benefits from the city's incentives and tax phase-in programs. An adjacent, larger city block (approximately 3.487 acres) and an additional parking lot are also available for sale under a separate listing (TXLS 145848). This is a rare chance to acquire a substantial piece of Brenham's vibrant downtown core. The zip code is 77833.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.