Property profile

202 E Main St Henderson, TX 75652

FOR SALE
Commercial real estate
Property ID
US82-6099007
4,614 SF 0.28 ac lot Built 1902
Entity Owned Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1902
Total area 4,614 SF
Lot 0.28 ac (12,145 SF)
APN 24624
UPID US82-6099007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Department
  • Bank Loan Service
  • Department Of Motor Vehicles County Government Office

Location

202 E Main St Henderson, TX 75652
Henderson metro Census 950900 LONGVIEW, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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