709 Lexington St Manor, TX 78653
For Sale
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This exceptional 3,778 square foot commercial property, situated on a full city block (1.43 acres) in downtown Manor, Texas, presents a unique investment opportunity. The property, known as the Bloor House, is a registered Texas Historical Commission landmark, showcasing exquisite architectural details from the Queen Anne and Colonial Revival styles. Intact original features include turreted corners, original fireplaces, a grand wooden staircase, and an oversized portico. Its prime location, just two blocks from Highway 290, offers convenient access. Current zoning permits a variety of commercial uses, making it ideal for adaptive reuse. Previous development plans included a new building on the east side of the block, aligning with the alleyway – perfect for expanding the existing structure to create additional event space or meeting rooms. Existing on-site utilities simplify any future construction. The potential for alleyway access provides convenient charter bus drop-off, a significant advantage for event venues. The property's proximity to downtown Austin allows for the utilization of city room blocks while maintaining the feasibility of ride-sharing for guests. This historic treasure offers a blend of charm and potential, making it an exceptional investment in a rapidly growing area. The asking price is $1,650,000.
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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