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$445,000

205 N Spring St, Marfa, TX, 79843

$578,500 ARVInfo
PendingInfo
Baths0 Bath
Baths2,860 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.59 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringOther

Exterior

Lot Size6,752 sqft

Building Information

Year Built1940
Garage Spaces3

Land Information

APN131000000390001000000
Lot Number1
Land UseCommercial
Legal Description39, MARFA LOTS 1
Assessed Land Value$97,200
Assessed Improvement Value$105,840
Assessment Year2025

About this property

This fantastic property is situated in a highly sought-after location, right in the middle of Marfa's vibrant downtown. The corner lot is within the city limits, just a short walk from the courthouse and surrounded by bustling retail businesses. The property features a brand-new construction metal building, measuring 33x60 with 16-foot high ceilings, offering plenty of space for a wide variety of uses. The building sits on a solid concrete slab, with all-new electrical and plumbing installations, ensuring a modern, efficient setup. Inside, you'll find one bathroom and one office, with room to customize and expand. The location is ideal, with an existing tire sales and auto repair business on one side and a popular restaurant on the other. This prime spot opens up numerous possibilities for your vision-whether you're looking to open a bar, convert it into an art residence, create an Airbnb, or something else entirely. We're offering the property for sale with equipment included, or we can work with you to build to suit. The potential here is endless-don't miss out on this opportunity to own a piece of Marfa! Businesses not for sale but lease can stay in place. Great investment and income producing property.

Investor Tools

$0Estimated Mortgage Balance
$203,040Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$578,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,510
$203,040
2025
$97,200
$105,840
$203,040
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,510
$203,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$203,040
100%
0%
$0/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: Marfa

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205 N Spring St | Property Details | No Agent List