119 Commerce St Ranger, TX 76470
This exceptional 11,550 square foot, three-story building located at 119 S Commerce St, Ranger, Texas 76470, presents a unique redevelopment opportunity. Originally constructed in 1940, this historic property sits on a 0.23-acre lot (APN 55997) in the heart of Ranger, Texas, and offers significant potential for adaptive reuse. While the building sustained fire damage, its sturdy structure remains intact, providing a solid foundation for a variety of commercial ventures. The property's size and central location make it ideal for conversion into commercial office space, apartments, or other creative uses. The building is available for purchase at an asking price of $20,000, with an occupancy date of October 1, 2024. This is a rare chance to acquire a piece of Ranger's history and transform it into a thriving business or residential space. The property's potential is limited only by the buyer's imagination. Don't miss this opportunity to own a piece of Texas history and shape its future.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.