111 Commerce St Gainesville, TX 76240-3911

Property Details for 111 Commerce St

Lot size

0.04 lot acres

Property size

1,235 SF

Property type

Office buildings

APN

18940

APU

18940

Description

This exceptional 5,288 square foot retail property, situated on a 0.06-acre lot at 111 & 113 N Commerce Street in the heart of Historic Downtown Gainesville, Texas, presents a unique investment opportunity. The meticulously renovated building boasts high-end finishes while preserving its historic character. The ground floor, currently leased as an event rental space, features an open floor plan perfect for various businesses. Amenities include exposed brick walls, designer lighting, two store rooms, a breakroom, a full kitchen, and a convenient back entrance with double doors ideal for deliveries. Additional, invaluable private parking is located at the rear of the building. The upper level, known as Loft Zaza, offers versatile space currently leased through February 2025. It can function as residential living, a business office, an Airbnb, or an event space. This level includes original hardwood floors, a striking 16-foot pecan wood island, GE Cafe appliances, an ice machine, a wine refrigerator, three Murphy beds, two bathrooms, a custom copper wall, and breathtaking downtown views. A remarkable plaza deck offers potential for expansion to accommodate large outdoor events. The property's prime location provides easy walkability to numerous eateries, boutiques, wineries, and a brewery, ensuring high visibility and foot traffic. This is a truly exceptional property offering a blend of historic charm and modern amenities in a thriving downtown setting. The asking price is $975,000.

Location Insight

City

Gainesville

County

Cooke

State

Texas

Longitude

-97.1464

Latitude

33.6247

CBSA code

23620

CBSA name

GAINESVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments