200 S Magdalen St - Specialty FOR SALE


San Angelo, TX 76903
$1,600,000 USD
325-374-1737
200 S Magdalen St, San Angelo, TX for Sale
$1,600,000 USD
Specialty - FOR SALE
1/20
null | Request Cap Rate

200 S Magdalen St
San Angelo, TX 76903


HIGHLIGHTS

  • Positioned in Downtown San Angelo, allows for exceptional visibility, walkability, and proximity to many shops.
  • This Property is located in the south TIRZ area, allowing owners to qualify for up to $75,000/year for specific improvements to the property.

OVERVIEW

A rare and historic investment opportunity in the heart of Downtown San Angelo is now available. Old Central Firehouse, which houses the award-winning Old Central Firehouse Bed & Brew, is an adults-only, five-bedroom boutique bed-and-breakfast that has earned accolades for its charm, comfort, and unique experience. The expansive ground floor (over 6,500 sq ft of recently restored open space) is currently occupied by Old Central Firehouse Pizzeria & Taproom. The pizzeria and taproom business and equipment are not included in the sale. The space will be delivered vacant at closing, offering a blank canvas for the new owner to create their own signature restaurant, bar, retail concept, event venue, or additional lodging. Ideal for an investor or operator seeking a proven boutique inn with established cash flow paired with expansive ground-floor redevelopment potential, or a visionary ready to shape one of San Angelo’s most beloved historic icons.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Central Firehouse

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Police/Fire Station

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,513 SF

ZONING

Central Business District

APN/PARCEL ID

05-18050-0001-001-00

ASK ABOUT THIS PROPERTY

Jeffrey HameisterERA Newlin & CompanyMore Info
325-374-1737

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Jeffrey HameisterERA Newlin & CompanyMore Info
325-374-1737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.