201 E Dallas St.

    Mt Vernon, TX 75457
    • $285,000
    • STATUS: Active
    • ON SITE: 186 days
    • MLS #: 10090915
    UPDATED: 185 min ago
    $285,000
    • 0
      BEDS
    • 10.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,000
      SQFT
    • $10
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    Description

    Key historic building highly prioritized for reuse and redevelopment in Mount Vernon, Texas due to the property size, notable architecture and proximity to the downtown plaza square. Investors who renovate the factory building have the ability to capitalize on state and federal historic tax credits, which could provide up to a 40 percent return on renovation costs. With the right vision, the redevelopment could help create a catalyst project which would support ongoing downtown revitalization efforts and economic development strategy. Ideas for redevelopment could include use as lodging, retail, marketplace, restaurant, event space, office space, art gallery, museum, studio, school, brewery, winery, or mixed-use development combining multiple business models. The property is zoned Light Industrial for the buildings and Residential for the acreage behind, however, rezoning for a mixed-use development is possible, given this is a priority property for downtown redevelopment.

    Monthly Payment Calculator

    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-08-15T00:29:22.673.
    www.tylerhousehunters.com/homes/80653856

    201 E Dallas St. Mt Vernon, TX 75457

    • Price: $285,000
    • Status: Active
    • Updated: 185 min ago
    • MLS #: 10090915
    0
    Beds
    0
    Baths
    0
    ½ Baths
    10.12
    Acres
    28,000
    SQFT
    $10
    $/SQFT
    1953
    Built
    Neighborhood:
    Franklin
    County:
    Franklin
    Area:
    Franklin
    Property Description
    Key historic building highly prioritized for reuse and redevelopment in Mount Vernon, Texas due to the property size, notable architecture and proximity to the downtown plaza square. Investors who renovate the factory building have the ability to capitalize on state and federal historic tax credits, which could provide up to a 40 percent return on renovation costs. With the right vision, the redevelopment could help create a catalyst project which would support ongoing downtown revitalization efforts and economic development strategy. Ideas for redevelopment could include use as lodging, retail, marketplace, restaurant, event space, office space, art gallery, museum, studio, school, brewery, winery, or mixed-use development combining multiple business models. The property is zoned Light Industrial for the buildings and Residential for the acreage behind, however, rezoning for a mixed-use development is possible, given this is a priority property for downtown redevelopment.
    Exterior Features

    Construction Brick VeneerMetal Lot Dimensions 10.116 Acres Parking Off Street Water View No Waterfront No

    Property Features

    Building Description Office Building(S)RetailOffice/WarehouseShowroom/WarehouseHotel/MotelSpecial PurposesRestaurants Commercial Type Building Location Inside City Limits Sale Includes Building Security Gate No Sq Ft Source Owner Year Built Source Owner Zoning Commercial

    Listing provided courtesy of Century 21 Butler Real Estate. Listing information © 2018 Greater Tyler Association of REALTORS® Multiple Listing Service.
    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-08-15T00:29:22.673.
     
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    1698 W. Grande
    Tyler TX, 75703