222 Main St Mcgregor, TX 76657-1607
This exceptional 7,136 square foot mixed-use building, located at 222 S Main St in McGregor, Texas, presents a unique redevelopment opportunity. Originally constructed in 1889, this two-story structure boasts a charming historic façade featuring tall white pillars, a classic clock, and a preserved "First Nat'l Bank" stone engraving. The building sits on a 3,600 square foot lot and is zoned for commercial use. The interior is currently gutted, providing a blank canvas for a diverse range of uses, including residential lofts, office space, restaurant, retail, or a combination thereof. Situated in the heart of McGregor's downtown area, this property offers unparalleled potential to capitalize on the town's revitalization efforts and its thriving small-business community. The building's prominent location and historical significance make it an ideal investment for an entrepreneur seeking a unique and impactful project. The asking price is $350,000. This is a rare chance to own a piece of McGregor's history and shape its future. The property's versatility and prime location make it an attractive investment for those seeking a high-impact redevelopment project in a charming Texas town. The building's substantial size and existing infrastructure provide a solid foundation for a variety of creative and profitable ventures.
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
C · Mcgregor, TXMcgregor. Always verify with local authorities before improvements.
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.