201-205 E Chambers St - Apartments FOR SALE


Cleburne, TX 76031
$2,800,000 USD
817-808-0179
201-205 E Chambers St, Cleburne, TX for Sale
$2,800,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

201-205 E Chambers St
Cleburne, TX 76031


OVERVIEW

Seller reports average gross monthly income of approximately $20,000. Presenting a rare mixed-use investment opportunity in the heart of Historic Downtown Cleburne, Texas: the iconic Dickson Hardware & Furniture Co. building located at 201–205 E. Chambers Street. 14 onsite parking spaces, a valuable asset in the downtown area. The ground floor has a large grease trap to accommodate restaurant/food tenants. Approx 3833SF left for commercial lease. Originally constructed in 1900, this landmark property spans approximately 20,000 square feet across three floors and blends historic character with modern updates. The first-floor features multiple commercial spaces, offering excellent visibility and flexibility for retail, restaurant, or office users seeking a presence in Cleburne’s thriving downtown district. The second and third floors house 11 residential lofts, capitalizing on strong demand for downtown living and contributing to a diversified income stream. The building has undergone extensive renovations completed in 2024, enhancing both functionality and appeal while preserving its historic charm. Positioned within walking distance of local dining, retail, and civic amenities, this property represents a compelling opportunity for investors seeking a stabilized, mixed-use asset in a growing North Texas market. Additional financials and rent roll available upon request.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

11

PRICE/UNIT

$254,545

CAP RATE

Request Cap Rate

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

Mixed

APN/PARCEL ID

126-2800-01120

ASK ABOUT THIS PROPERTY

Jennifer FrankeBerkshire Hathaway HomeServices Premier PropertiesMore Info
817-808-0179

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

Jennifer FrankeBerkshire Hathaway HomeServices Premier PropertiesMore Info
817-808-0179

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