107 Commerce St Brenham, TX 77833
- Commercial real estate
- 28,289 SF
- 1.50 lot acres
Current Use by Public Records
- Brenham Grill / Grill / Restaurant
- Ant Street Inn / Wedding Venue / Bed & Breakfast
Property Details for 107 Commerce St
- Year built
- 1880
- Lot size
- 1.50 lot acres
- Property size
- 28,289 SF
- Property type
- Commercial real estate
- APN
- 4750-000-79000
- APU
- 475000079000
Description
This exceptional 21,400 sq ft boutique hotel, situated on 1.5 acres in Brenham, Texas, presents a lucrative investment opportunity. Built in 1900 and extensively renovated in 2012, the property boasts two buildings: a main structure housing 15 guest rooms (including one ADA-accessible room), a full-service restaurant (currently leased), a lobby, reception area, a divisible ballroom, and ample back-of-house space. The second floor features 14 guest rooms, a conference room, a guest coffee room, and a large Grand Hall. A secondary building houses HVAC systems, a maintenance shop, storage, and a 30x30 ft storefront space (currently leased as an art gallery). The property includes on- and off-street parking and a beautiful garden suitable for weddings and events. High-end period antiques and artwork are included in the sale. The inn's location, midway between Houston and Austin, and near Round Top Antiques Market and Texas A&M University, ensures a steady stream of guests. The existing restaurant and storefront leases provide additional income streams, and the secondary building offers potential for expansion, such as owner's quarters or additional revenue-generating spaces. The property's layout and amenities make it ideal for hosting weddings, conferences, and other events. The asking price is $2,650,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $860,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $930,000
- 6.5%
- $935,000
- 7%
- $1,050,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,005,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $825,000
- Retail
- $780,000
- Mixed-Use
- $800,000
- Hospitality
- $835,000
- Educational
- $880,000
- Residential Income
- $1,000,000
- Energy
- $805,000
- Income-Based Land
- $845,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Brenham
- County
- Washington
- State
- Texas
- Longitude
- -96.398
- Latitude
- 30.1659
- CBSA code
- 14780
- CBSA name
- BRENHAM, TX MICROPOLITAN STATISTICAL AREA