215 E 5th Ave, Corsicana, TX 75110

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List Price
$1,500,000
MLS#
21409118
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1905
Construction Status
Preowned
Acres
0.43
Living Area
30,839
County
Navarro
City
Corsicana
Subdivision
Corsicana

Property Description

An exceptional opportunity to acquire a distinctive commercial building in the heart of downtown Corsicana, Texas. The Corsicana Opry is a destination oriented property featuring a commercial grade kitchen with a walk in cooler-freezer, a full restaurant and bar, a large event space with a dedicated dance floor and performance stage equipped with professional stage lighting and sound system, and a second story mezzanine and a secondary bar. With approximately 13,350 square feet on the first floor, 9730 square feet on the second floor, and a 7760 square foot basement, this unique property presents an exciting opportunity for an investor, entertainment entrepreneur, hospitality operator, event venue owner, or developer seeking a historic property unrestricted by federal or state historic designations. Brick paver streets, red brick exterior and historic commercial character create an authentic atmosphere that modern construction often struggles to reproduce. Interior features include a fire sprinkler system, a 3 level freight elevator, original wood structural elements, impressive high ceilings, and distinctive industrial era details that contribute to the property's unique identity. Few commercial properties can offer the same blend of authentic historic atmosphere, established entertainment identity, and versatility for a wide range of future uses including live music performances, ticketed concerts, wedding ceremonies and receptions, corporate functions, private parties, family reunions, community gatherings, auctions, vendor markets, workshops, seminars, and themed entertainment experiences. The building also contains one finished apartment and four unfinished apartments, offering a prospective buyer the potential to add additional residential accommodations.

Additional Information

Unexempt Taxes
$14,278
Tenant Pays
None
Lot Size
18,730
Acres
0.43
Lot Description
Level
Flooring
Vinyl, Tile, Wood
Foundation
Combination, Other
Roof
Flat, Other
Building Stories
3
Parking Garage
On Site, Open, Off Street, Other, Outside
Possession
CloseOfEscrow, Negotiable, Other
Proposed Use
Automotive, Food Service, Hotel/Motel, Medical/Dental, Office, Other, Place Of Worship, Restaurant, Retail, Storage
Inclusions
Land & Improvements, Other
Community Features
Curbs, Sidewalks

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jordan Brandt from Spring House Realty. Contact: 817-600-2400

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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