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700 W Houston St
Marshall, TX 75670

Former Marshall Junior High School · Specialty Property For Sale · 138,000 SF

PROPERTY FACTS

Property Type Specialty
Property Subtype School
Building Class C
Lot Size 11.11 AC
Building Size 138,000 SF
No. Stories 3
Year Built/Renovated 1924/1980
Parking Ratio 0.54/1,000 SF

AMENITIES

  • Air Conditioning

ABOUT 700 W HOUSTON ST , MARSHALL, TX 75670

Constructed in 1924, the Property features a three-story building totaling approximately 130,000 square feet, three parking lots and three tennis courts on a total of 9.72 acres. The Property was originally constructed as Marshall High School, and served the community through 1980, when it then became Marshall Junior High school through 2017. The former school building features two commercial cafeterias, two auditoriums and two gyms. The Property features multiple points of ingress/egress and high visibility from West Houston St, South College St and Whetstone St. Additionally, the Property offers ample accessibility as it is situated 1.5 miles from US Hwy 59 and 3.5 miles from I-20, a major east-west interstate highway in the Southern United States, spanning 1,535 miles from the Interstate 10 junction in West Texas through South Carolina. Located within a qualified Opportunity Zone, the Property provides an investor the ability to capitalize on long term tax incentives while purchasing at a low cost basis, thereby maximizing the benefit of the incentive structure. Additionally, the city’s zoning classification for the site allows for a multitude of avenues in repositioning the asset.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R000039389
  • R000007303
  • R000039383
Land Assessment
$287,210
Improvements Assessment
$435,960
Total Assessment
$723,170

ZONING

Zoning Code R-2 (No Zoning; the city is open for any project development.)
R-2 (No Zoning; the city is open for any project development.)
  • Listing ID: 14962390

  • Date on Market: 1/23/2019

  • Last Updated:

  • Address: 700 W Houston St, Marshall, TX 75670

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