Property summary
This remarkable 18,000 square foot building, situated on a 0.28-acre lot at 202 E Main Street in Henderson, Texas, presents a unique investment opportunity. Constructed in 1902, this four-story structure, including a penthouse, holds the distinction of being the first building erected in downtown Henderson and remains the tallest. Originally serving as the First National Bank, the building boasts a brick veneer exterior and a concrete slab foundation. Recent improvements include a new roof and some exterior updates. However, the interior requires complete renovation, offering a blank canvas for a visionary developer. The property's versatility allows for diverse uses, including a bank, retail space, restaurant, office suites, or apartments. Its prominent location at the southeast corner of the Downtown Square provides exceptional visibility and accessibility. Street parking is readily available, and the rear of the property offers potential for the development of additional off-street parking. The building enjoys convenient access to the courthouse, the Central Business District, Business 79 (East Main Street), and Highway 64 (South Marshall Street). This is a rare chance to acquire a significant piece of Henderson's history and transform it into a thriving commercial or residential property. The asking price is $250,000.
Property profile
VerifiedCap rate & NOI
Current use
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Tax Department
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Bank Loan Service
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Department Of Motor Vehicles County Government Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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