201 Main StChildress, TX 79201

Property Details for 201 Main St

Lot size

0.13 AC

Property size (Sq ft)

6,490 SF

Property type

Commercial real estate

APN

11000-02239-00000-000000

APU

9223372036854775807

Description

This 0.07-acre lot at 201 N Main Street in Childress, Texas, presents a unique redevelopment opportunity. Previously a two-story bank building, the structure was completely destroyed by fire years ago and has remained vacant since. The building has been totally gutted, leaving only the vault intact, and the second floor is no longer present. This provides a clean slate for a new construction project. The property features a metal roof covering. Recent city improvements include new sidewalks and curbs surrounding the building. The property is being offered at $100,000 and owner financing is available with an acceptable down payment and terms. Prospective buyers are strongly encouraged to conduct their own due diligence before making an offer. Access to the property is restricted

• CAP approach

  CAP return

  Valuation

  6%

  $1,005,780

  6.5%

  $928,413

  7%

  $862,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,740

  Geo Method

  $780,877

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,810,940

  Retail / Commercial

  $931,946

  Mixed-Use / Specialty

  $931,230

  Hospitality / Lodging

  $686,608

  Office

  $928,413

  Institutional / Educational

  $969,036

  Residential Income

  $1,133,770

  Multifamily

  $1,345,330

  Automotive / Energy

  $830,602

  Parking / Income-Based Land

  $284,055

  Restaurant / Food Service

  $489,903

  Healthcare / Senior Housing

  $952,286

Location Insight

City

Childress

County

Childress

State

Texas

Latitude

34.4229

Longitude

-100.207

Property Tax & Assessments

FAQs

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