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308 W Milam St

21,888 SF Vacant Retail Building Wharton, TX 77488 $799,000 ($37/SF)

Investment Highlights

  • Versatile spaces primed for a multitude of purposes
  • Commercial Elevator

Executive Summary

Originally constructed in 1925 as the esteemed Davis Hotel and retail spaces. These buildings offer versatile spaces primed for a multitude of purposes, with a leased salon space and a renovated retail area on the ground floor. The second floor features a spacious residence with six bedrooms and four and a half baths, exuding a sense of refined grandeur. Adjacent to this, the companion building has been thoughtfully updated on the first floor, incorporating 1.5 baths, while the second floor retains its original allure, showcasing a verdant tile fireplace, hardwood floors, and a captivating library complete with a charming rolling ladder. A commercial elevator is accessible to both structures. A sprawling covered back porch spans both buildings, and the property sits on a generous corner lot with mature landscaping, creating an enchanting setting for its storied legacy. All showings are accompanied by the listing agent. Buyer's agent must be present. This sale includes multiple tax ID numbers. There is no survey. Buyer will need to purchase new survey. All measurements and information should be independently verified. FOR MORE INFO CONTACT RYAN - 832-588-1006

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,888 SF
Year Built
1925
Price
$799,000
Price Per SF
$37
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
1.64
Land Acres
0.31 AC

Amenities

  • Corner Lot
  • Courtyard
  • Fireplace
  • Air Conditioning
  • Balcony
  • Listing ID: 30288792

  • Date on Market: 12/5/2023

  • Last Updated:

  • Address: 308 W Milam St, Wharton, TX 77488

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