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$550,000

210 S Commercial Ave, Coleman, TX, 76834

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths5,000 Sq Ft
BusinessBusiness
price_per_sqft$25.98 / sqft
Year BuiltBuilt in 1929

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringConcrete, Wood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1920

Land Information

APN15609
Lot Number6,7
Land UseCommercial
Legal DescriptionORIGINAL TOWN COLEMAN, BLOCK 7, LOT 6 & 7
Census Tract950300
Assessed Land Value$4,600
Assessed Improvement Value$193,030
Assessment Year2025

About this property

Position your business in the heart of historic downtown Coleman, Texas, with this beautifully renovated 5,000+square-foot commercial building. Formerly home to Watson Vineyard & Brewery, this one-of-a-kind property was designed as a destination for handcrafted beverages, special occasions, and community gatherings. The impressive main gathering room is filled with natural light from floor-to-ceiling storefront windows overlooking downtown Coleman. Custom roll-up shades, polished concrete floors, soaring ceilings, industrial-style lighting, and the preserved original rock wall blend historic character with modern style. Designed for entertaining, the spacious layout includes a performance stage for live music or presentations. A secluded dining nook features a custom communal table, decorative seating, and pendant lighting, while custom wood shelving provides display space for retail merchandise or specialty products. Wood tables and chairs convey with the sale. The custom bar features an extended serving counter, spaces for under-counter refrigeration, a rear service counter with deep sink, beer taps, and an overhead menu display. Additional amenities include a private office, two public restrooms, a commercial kitchen area, a large walk-in cooler, and a separate production room suitable for brewing, food preparation, storage, or other commercial uses. An unfinished second-story level offers expansion potential for offices, storage, VIP seating, or future build-out. With its inviting atmosphere, flexible floor plan, and prime downtown location, this exceptional property is ideal for a winery, brewery, cocktail lounge, restaurant, coffee shop, tasting room, event venue, live entertainment space, or many other commercial ventures. Whether hosting intimate gatherings or larger celebrations, this building is ready to become one of downtown Coleman's premier destinations once again.

Investor Tools

$145,461Estimated Mortgage Balance
$16,040Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Sujo McKee

Sujo McKee Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$370/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,630
$160,990
2025
$4,600
$193,030
$197,630
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,630
$160,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interbank
Stand Alone Refi (Refinance Of Original Loan)
$155,000
No
First
Jan 9, 2023
Jan 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,461
$15,529
9%
90%
$930/mo

City: Coleman

210 S Commercial Ave | Property Details | No Agent List