2202 Main St Petersburg, TX 79250
This unique 7,842 square foot property located at 2202 Main Street in Petersburg, Texas, presents a remarkable investment opportunity. Formerly a church, gifted to the city in 2018, the main building boasts a large auditorium, a sizable kitchen/dining area, and thirteen additional rooms—previously used as classrooms or offices—some of which were being adapted for sleeping, treatment, and laundry/bathroom facilities. The main building features a recently replaced roof and central heating and air conditioning. Adjacent to the main structure is a newly constructed 36' x 30' insulated, heated, and cooled metal building with a large overhead door, originally intended for emergency vehicles. This secondary building adds significant storage or operational space. The 0.4-acre lot provides ample parking and outdoor space. The property's versatile layout offers numerous possibilities, including commercial use, storage, a retreat center, or even a church or childcare facility. Included in the sale, with an acceptable offer, are existing appliances and personal items (excluding medical equipment and supplies). This property offers substantial space and potential for a wide range of uses in a thriving community. The combination of the main building's substantial interior space and the added utility of the metal building makes this a truly exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.