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$413,793

108 N Commerce Street, Gainesville, TX, 76240

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,656 Sq Ft
RetailRetail
price_per_sqft$144.95 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringLaminate

Exterior

Lot Size1,699 sqft

Land Information

APN315738
Lot Number8
SubdivisionOrginal Donation Gv
Land UseCommercial
Legal DescriptionORGINAL DONATION GV; BLOCK 2; LOT 8 PT OF; ACRES .039
Census Tract000500
Assessed Land Value$11,501
Assessed Improvement Value$402,292
Assessment Year2025

About this property

Words can not begin to describe how amazing this uniquely gorgeous downtown building is. It has been meticulously designed and restored with no detail left unpolished. Beautiful laminate flooring, custom trim and built in s, shiplap walls, exposed brick, press tin ceilings, custom lighting and displays, dual entrances, two staircases to upstairs loft space, and just the smartest touches throughout. Currently, the building is a successful upscale boutique and men's store. However, with its open concept design and loft overlay, it could be used for retail, office space, home decor store, beauty, management, financial services, residential loft with work space, and more. Your dream starts right here! The listing is for the building only. All the fixtures and merchandise will be sold separately.

Investor Tools

Property Icon
$413,793
Estimated Property Value
$0Estimated Mortgage Balance
$140,705Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,483 /month
Positive
Cash Flow Estimate:
$828 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$741/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,828
$413,793
2025
$11,501
$402,292
$413,793
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,828
$413,793

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Purchase Money Mortgage
$288,000
No
First
Jul 24, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,088
$140,705
34%
66%
$1,727/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gainesville

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108 N Commerce Street | Property Details | No Agent List