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$259,650

NAL Estimated Property Value

112 S Austin Avenue, Lamesa, TX, 79331

Off MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths7,000 Sq Ft
price_per_sqft$54.29 / sqft

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size6,970 sqft

Land Information

APN4645
Lot Number6,7
Land UseCommercial
Legal DescriptionLOT 6-7 BLK 24 O T ADDN (112 S AUSTIN) (MCCALLS GIFT SHOP)
Census Tract950500
Assessed Land Value$8,760
Assessed Improvement Value$250,890
Assessment Year2025

About this property

Step into a one-of-a-kind commercial property with historic charm located on Lamesa's downtown square. This charming remodeled building showcases exposed brick walls and soaring ceilings, creating a striking industrial aesthetic with timeless character. A standout feature is the expansive interior cedar gazebo, complete with a small kitchenette—an inviting and cozy setting ideal for social gatherings, events, or unique customer experiences. The interior of this building leaves a lasting impression and one you won't forget. You'll find approximately 5,000 square feet of retail floor space complemented by an additional 2,000 square feet of office and storage areas, offering flexibility for a wide range of business opportunities. In addition to the open retail floor space, the layout includes two dressing areas, two dedicated gift wrapping or crafting spaces, a spacious office, restroom, and abundant storage throughout. Positioned in a prime downtown setting, the property enjoys excellent visibility with a farmers market each month and community festivals throughout the year held on the downtown square. Long known as a beloved local business, this property carries a legacy of community connection and is ready for its next chapter. Whether you're expanding an established business or launching a new venture, this distinctive space offers endless possibilities. *Business name, fixtures, and related business and retail items sold separately. Call for details.

Investor Tools

Property Icon
$259,650
Estimated Property Value
$0Estimated Mortgage Balance
$259,650Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$711/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,238
$259,650
2025
$8,760
$250,890
$259,650
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$7,238
$259,650

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$259,650
100%
0%
$0/mo

City: Lamesa

112 S Austin Avenue | Property Details | No Agent List