118 West Parsons Street, Unit B
118 West Parsons Street, Unit B
Description
Welcome to a truly exceptional investment opportunity in the heart of downtown Manor! This unique property consists of four parcels, featuring two adjacent historic buildings nestled in a bustling retail center, boasting a remarkable combined square footage of over 8,000 square feet. Currently operating as a vibrant bar and restaurant, this is your chance to own a piece of local history and revitalize a thriving business hub. Property Highlights:...Historic Commercial Gem in the Heart of Downtown Manor
Welcome to a truly exceptional investment opportunity in the heart of downtown Manor! This unique property consists of four parcels, featuring two adjacent historic buildings nestled in a bustling retail center, boasting a remarkable combined square footage of over 8,000 square feet. Currently operating as a vibrant bar and restaurant, this is your chance to own a piece of local history and revitalize a thriving business hub. Property Highlights:
1. Prime Location: Situated in the vibrant downtown area of Manor, this property enjoys high visibility and foot traffic, making it an ideal location for businesses seeking maximum exposure.
2. Historic Charm: These two adjacent buildings exude character and charm, showcasing the timeless architecture of a bygone era. Their historical significance adds to the appeal and uniqueness of the property.
3. Versatile Space: With over 8,000 square feet of combined space, the possibilities are endless. Whether you're looking to continue the current bar and restaurant operation, transform it into retail spaces, or create a multi-use development, this property offers versatility to suit your vision.
4. Additional Parking: Two additional parcels at the rear of the property provide valuable parking space, a rare commodity in downtown areas. This feature will enhance the convenience and accessibility for both customers and tenants.
5. Investment Potential: Manor is experiencing rapid growth and revitalization, making this property a strategic investment opportunity. Its location within a retail center further enhances its income-generating potential. Don't miss out on this once-in-a-lifetime opportunity to own a piece of history and secure a prominent place in the flourishing downtown business landscape of Manor. Whether you're an investor with an eye for potential or an entrepreneur ready to make your mark, this property offers a multitude of possibilities.
- Listed by Memo Vargas • TREC #0441024 • The Vargas Team LLC • (512) 655-3865
Property Details for 118 West Parsons Street, Unit B
Location
Property Details for 118 West Parsons Street, Unit B
| Status | Active |
|---|---|
| MLS # | 8149986 |
| Days on Market | 187 |
| Taxes | $10,239 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial Sale / Mixed Use |
| Year Built | 1900 |
| Lot Size | 0.10 AC / 4,312 SF |
| County | Travis County |
Location
Building Information for 118 West Parsons Street, Unit B
Payment Calculator
$13,405 per month
30 year fixed, 7.25% Interest
$12,552
$853
$0
Property Information for 118 West Parsons Street, Unit B
- Parking Total: 25
- Parking Features: Additional Parking, Asphalt, Common, Paved, Parking Lot
- Flooring: Concrete, See Remarks
- Other Equipment: Negotiable
- Restrictions: Building Restrictions, City Restrictions, Deed Restrictions
- Exterior Features: Columns
- New Construction: No
- Construction Materials: Brick, Frame
- Foundation Details: Slab
- Accessibility Features: None
- Community Features: Sidewalks
- Lot Features: Flat
- Lot Size Source: Public Records
- Topography: Level
- Road Surface Type: Asphalt, Paved
- Zoning: C-1 Light Commercial
- Current Use: Restaurant
- Horse: No
- Leasable Area: 8250.0
- Business Type: Bar/Tavern/Lounge
- Building Features: No Loading, Public Restrooms
- Number Of Buildings: 2
- Building Area Total: 8,250.00
- Building Area Source: Public Records
- Cooling YN: Yes
- Cooling: Central Air
- Heating YN: Yes
- Heating: Central
- Sewer: Public Sewer
- Utilities: Electricity Connected
- Water Source: Public
- Tax Assessed Value: $377,176
- Additional Parcels: Yes
- Additional Parcels Description: 116 Parsons - building next door Lot 8-10 Block 23 - Lot in the back Lot 7 Block 23 - Lot in the back
- Tax Year: 2023
- Tax Rate: .00%
- Security Features: None
- Directions: From Austin to Manor on 290 turn right (South) on Lexington, left on Parsons.
Property History for 118 West Parsons Street, Unit B
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 118 West Parsons Street, Unit B
Schools near 118 West Parsons Street, Unit B
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lagos Elementary School PublicK to 5 | ||
Manor Middle School Public6 to 8 | ||
Manor New Technology High School Public9 to 12 | ||
Manor High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of The Vargas Team LLC, Memo Vargas, TREC #0441024
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.