Description
Acquire a 12-story, 90,743 SF downtown building with 190+ parking spaces, a clean structural report, no asbestos issues, no existing bank debt, and a clear path to 50+ multifamily units — all for $1,500,000. That's roughly $16.50/SF for a building appraised at $1,580,000 on an income basis in 2021, with a projected stabilized value between $8.97M and $13.15M.
$1,500,000
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
90,743SQFT
-
$17$/SQFT
School Ratings & Info
Description
Acquire a 12-story, 90,743 SF downtown building with 190+ parking spaces, a clean structural report, no asbestos issues, no existing bank debt, and a clear path to 50+ multifamily units — all for $1,500,000. That's roughly $16.50/SF for a building appraised at $1,580,000 on an income basis in 2021, with a projected stabilized value between $8.97M and $13.15M.
© 2026 Wichita Falls Association of REALTORS® Multiple Listing Service, all rights reserved. The data relating to real estate for sale on this website comes in part from the Wichita Falls Association of REALTORS® Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), The Sandra Wortham Team | 940 Realty nor Wichita Falls Association of REALTORS® Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information 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 may not be reproduced or redistributed. Data last updated: 2026-05-15T23:56:14.853.
Listing provided courtesy of Brendan Bell of BELL REAL ESTATE LLC: 940-247-0004. IDX information © 2026 Wichita Falls Association of REALTORS® Multiple Listing Service.