226 Main StChildress, TX 79201

Property Details for 226 Main St

Lot size

0.20 AC

Property size (Sq ft)

12,100 SF

Property type

Commercial real estate

APN

11000-01262-00000-000000

APU

9223372036854775807

Description

This exceptional Childress, TX investment opportunity features two adjoining historic commercial buildings totaling 8,625 square feet on a 0.2-acre lot. Located in the revitalizing downtown area, these buildings offer significant potential. One building, formerly housing The Red River Sun newspaper, boasts remodeled offices, a conference room, ample storage, and a small loading dock. A restroom is centrally located. The adjacent smaller building, previously a thrift store, has been used for storage and features a restroom at the rear. Connecting double doors link the two structures. Both buildings are currently listed on a single tax card with the Childress County Appraisal District (CCAD), and all square footage is per CCAD records. The property is being sold "As Is, Where Is," with all personal property removed before closing. Potential buyers are advised to conduct their own due diligence, including verifying square footage. The property is not available for rent or lease, and owner financing is not offered. Separate pricing may be available for individual building purchases. No trespassing

• CAP approach

  CAP return

  Valuation

  6%

  $1,875,180

  6.5%

  $1,730,940

  7%

  $1,607,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,054,770

  Geo Method

  $1,455,870

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,376,320

  Retail / Commercial

  $1,737,530

  Mixed-Use / Specialty

  $1,736,190

  Hospitality / Lodging

  $1,280,120

  Office

  $1,730,940

  Institutional / Educational

  $1,806,680

  Residential Income

  $2,113,810

  Multifamily

  $2,508,250

  Automotive / Energy

  $1,548,580

  Parking / Income-Based Land

  $529,595

  Restaurant / Food Service

  $913,378

  Healthcare / Senior Housing

  $1,775,450

Location Insight

City

Childress

County

Childress

State

Texas

Latitude

34.423

Longitude

-100.206

Property Tax & Assessments

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