2802 Washington StGreenville, TX 75401

  • Other commercial real estate
  • 7,520 SF
For Sale
$419,900 View listing

Property Details for 2802 Washington St

Year built
1953
Construction
CONCRETE BLOCKS
Lot size
0.08 AC
Property size (Sq ft)
7,520 SF
Property type
Other commercial real estate
APN
4385-2000-0120-41
APU
43852000012041

Description

This exceptional mixed-use investment property presents a rare opportunity to acquire two historic buildings in the heart of downtown Greenville, Texas. Located at 2802 & 2808 Washington Street, this prime location sits directly across from City Hall and the Post Office, offering unparalleled visibility and accessibility. The property comprises 12,008 square feet across two buildings, presenting a compelling redevelopment project. One building, constructed in 1953, offers 7,520 square feet with 3,760 square feet per floor, while the second, built in 1948, provides an additional 4,488 square feet. Currently vacant, this property is ready for complete renovation to suit a variety of uses, including creative office space, parking, and even entertainment venues. The property's strategic location near the Greenville Municipal Auditorium makes it ideal for nightlife establishments. The asking price is $419,900, translating to an attractive price per square foot of under $35. Local, state, and federal incentives may be available, further enhancing the investment potential. This is a unique chance to own a high-profile building in a thriving Texas city. The property is zoned for mixed-use and offers significant upside for the right buyer. The two-story and single-story buildings present a unique architectural opportunity for a creative developer.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,895,602
    Hospitality
    $1,736,361
    Educational
    $1,444,632
    Medical
    $1,494,315
    Retail
    $2,247,206
2802 Washington St, Greenville, Texas

Location Insight

City
Greenville
County
Hunt
State
Texas
Latitude
33.1393
Longitude
-96.1091
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,892
$22,000
$153,000
$175,000
-
$22,000
$153,000
$175,000

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