




$495,000
NAL Estimated Property Value205 W Broad St, Mansfield, TX, 76063
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About this property
You will not want to miss this incredible opportunity with many different uses available. This property is currently used as residential but offers exceptional flexibility, with potential for commercial office space, retail, continued residential use, or even multifamily, subject to applicable guidelines. Located just one property away from the upcoming Water Mill Square development on Broad Street, this site is positioned in the heart of exciting growth. It is only a block from Meehan Steakhouse and all that downtown Mansfield has to offer, making it a highly visible location with strong foot traffic. The property is within walking distance of public parking, dining, shopping, and entertainment, further enhancing its appeal. The possibilities here are truly endless. You can renovate and restore the existing 100-year-old home, preserving its character and charm, or tear it down and build something entirely new that complements the downtown Mansfield aesthetic. Opportunities like this are rare — finding a property with this level of flexibility, visibility, and proximity to downtown Mansfield does not come along often.
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Mansfield
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