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700 Melba Ave

250 Unit Apartment Building For Sale Gladewater, TX 75647

Apartment Buildings Texas Gladewater 700 Melba Ave, Gladewater, TX 75647

INVESTMENT HIGHLIGHTS

  • Great redevelopment opportunity.
  • Buyer can receive historic tax credit.
  • Historic property.
  • Can be converted to Office/Mixed Use/Specialty

EXECUTIVE SUMMARY

Historic property, redevelopment opportunity. Last used as a public school in 2019. Can be redeveloped as mixed-use, apartment, hotel, office, restaurant etc. High ceilings throughout, 15 FT. Includes 750 seat auditorium where Elvis Presley and Roy Rogers performed.

PROPERTY FACTS

Sale Type Investment or Owner User Lot Size 5.87 AC
Sale Condition Redevelopment Project Construction Status Proposed
No. Units 250 Building Size 250,000 SF
Property Type Multifamily No. Stories 3
Property Subtype Apartment Year Built 2027
Building Class B Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Units 250
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 5.87 AC
Construction Status Proposed
Building Size 250,000 SF
No. Stories 3
Year Built 2027
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 72436
  • 72442
 Improvements Assessment $822,330
Land Assessment $60,000 Total Assessment $882,330

PROPERTY TAXES

Parcel Numbers
Multiple
  • 72436
  • 72442
Land Assessment
$60,000
Improvements Assessment
$822,330
Total Assessment
$882,330

ZONING

Zoning Code F1 (Commercial Real Estate)
F1 (Commercial Real Estate)
(817) 204-8142

CONTACT

  • Listing ID: 31597104

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: 700 Melba Ave, Gladewater, TX 75647

More public record information on 700 Melba Ave, Gladewater, TX 75647

The Multifamily Property at 700 Melba Ave, Gladewater, TX 75647 is currently available for sale. Contact Strata Commercial for more information.

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700 Melba Ave
(817) 204-8142 x

700 Melba Ave

Tesina Painter

(817) 204-8142

(817) 204-8142

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