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$249,900

302 E California Street, Gainesville, TX, 76240

$324,870 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths4,000 Sq Ft
OfficeOffice
price_per_sqft$62.48 / sqft
Year BuiltBuilt in 1893

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Laminate, Wood

Exterior

Lot Size2,400 sqft

Land Information

APN20546
Lot Number1
SubdivisionLindsay Addn
Land UseCommercial
Legal DescriptionLINDSAY ADDN; BLOCK 3; LOT 1 E 24'
Census Tract001100
Assessed Land Value$24,000
Assessed Improvement Value$211,302
Assessment Year2025

About this property

Beautifully unique historical building in downtown Gainesville. Features old-world architect. Great for restaurant, boutiques, weddings, receptions, socials, offices, or whatever! It can be used for a number of development purposes. Retail, office or Loft apartments are typical of the area. The third floor is considered living area and zoned multi-use. Kitchen with upper tea room or small restaurant. The finish out is good! 2 baths! Current tenant pays $900 per month. The building next door, 304 E. California St is also for sale. If you buy both buildings as a package the price is $450,000.

Investor Tools

Property Icon
$235,302
Estimated Property Value
$0Estimated Mortgage Balance
$235,302Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$324,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$465/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,402
$235,302
2025
$24,000
$211,302
$235,302
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,402
$235,302

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$235,302
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: Gainesville

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302 E California Street | Property Details | No Agent List