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400 W Main St

18,000 SF Vacant Industrial Building Eastland, TX 76448 $374,212 CAD ($21 CAD/SF)

Investment Highlights

  • All brick asset for commercial use or multifamily
  • Maintained private parking lot with 26 spaces
  • Accommodating City Management and Economic Development Corporation
  • Property is within a Texas Opportunity Zone
  • Multiple primary entrances allowing multitenancy lease opportunity
  • Zoning F-1, approved for Multifamily/Historic Hotel on 2nd Story

Executive Summary

This Creative 1930's vintage building is primed for re-positioning and development! Located in the heart of Eastland, TX, a quaint small town just an hour west of Fort Worth with several employment opportunities and business ventures. Building is within a Texas Economic Zone with favorable incentives. (Investors in Opportunity Funds that hold investments for at least 10 years take advantage of favorable tax treatment of gains. For more information, visit the U.S. Treasury Department’s website.)

Pablo Minto Mountains State Park will be opening in 2025. This state park is located near Mineral Wells, making Eastland a great destination for hikers, mountain bikers, and nature lovers visiting the area.
This building supports unlimited gentrification choices, from, here are some options:
Apartments
Historic hotel (Pre-approved Special Use Permit, 2nd Story)
Medical suites (2 blocks from the Eastland Memorial Regional Hospital)
Historic office suites.
Controlled Climate storage
Light manufacturing
Show room
Retail space(s)
Concept floor plans are available upon request to agent for the apartments, a nursing school, updated open office workspace. The Main Street location with front dual entrances and off-street parking immediately encourages your visionary future applications. Commercial space in the DFW Metroplex is expensive and this building is priced right.

Property Facts

Price $374,212 CAD
Price Per SF $21 CAD
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
Property Type Industrial
Property Subtype
Warehouse
  • Flex Showroom
  • Industrial Manufacturing
  • Office Office Residential
Building Class C
Lot Size 0.46 AC
Rentable Building Area 18,000 SF
No. Stories 2
Year Built 1930
Opportunity Zone Yes

Amenities

  • Signage
  • Yard
  • Storage Space
  • Common Parts WC Facilities
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12097
  • 12045
Land Assessment
$48,211 CAD
Improvements Assessment
$465,434 CAD
Total Assessment
$513,645 CAD

zoning

Zoning Code F1 (Building is within a Texas Economic Zone. Historic hotel (Pre-approved Special Use Permit, 2nd Story))
F1 (Building is within a Texas Economic Zone. Historic hotel (Pre-approved Special Use Permit, 2nd Story))
  • Listing ID: 32666617

  • Date on Market: 2024-08-02

  • Last Updated:

  • Address: 400 W Main St, Eastland, TX 76448

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