400 State Line AveTexarkana, TX 75501

Property Details for 400 State Line Ave

Year built

1908

Lot size

0.26 AC

Property size (Sq ft)

20,000 SF

Property type

Specialty properties

Property subtype

Churches & religious facilities

Description

This exceptional 20,000-square-foot mixed-use building, located in the heart of Texarkana, Texas's Central Business District (CBD), presents a unique investment opportunity. Constructed circa 1908, this two-story building boasts a rich history and versatile layout. The ground floor currently features three office suites and a substantial open area ideal for storage or adaptable to various commercial uses. The upper level offers significant potential for residential conversion, creating a lucrative blend of commercial and residential income streams. The property sits on a 0.26-acre lot and is zoned for CBD use, permitting residential, office, and commercial development. Note that historic design review is required for any renovations or alterations. Currently vacant, the building offers immediate occupancy upon closing, with a potential occupancy date of August 15, 2024. The asking price is $300,000, translating to $15 per square foot. This fee-simple ownership opportunity provides a chance to acquire a substantial property in a thriving downtown area. The building's classification is Class D, and it comprises one building with two stories. The property's APN is 1012180.

Location Insight

City

Texarkana

County

MILLER

State

Texas

Latitude

33.4244

Longitude

-94.0431

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