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189 Broadway St 5,476 SF 100% Leased Retail Building Alba, TX 75410 $249,900 ($45.64/SF)
Investment Highlights
- Highly visible location on Broadway Street in Alba’s historic downtown district.
- Retains architectural authenticity, including exposed brick and concrete finishes, complemented by thoughtful upgrades.
- Flexible layout with multiple workspaces, private rooms, and a well-appointed kitchen and bar.
- Positioned near US Highway 69 and within minutes of Lake Fork, driving tourism and local engagement.
Executive Summary
This historic building, located at 189 Broadway Street in downtown Alba, offers a unique opportunity for visionary investors and entrepreneurs. With its early-1900s origins, the property blends authentic architectural character—featuring exposed brick walls, concrete floors, and soaring ceilings—with modern improvements throughout. Spanning over 5,000 SF, it contains versatile spaces such as multiple offices, a boardroom, gallery-style corridors, and an expansive open area complete with a kitchen, bar, and sunroom.
Situated just off US Highway 69 and minutes from Lake Fork, a nationally renowned fishing destination, the property attracts consistent visitor traffic from anglers, tourists, and local residents. Possible uses include an office hub, creative studio, retail destination, wellness center, event venue, or boutique lodging—all subject to local guidelines. The modest acquisition price combined with Alba’s charm and proximity to an active recreational market makes this property an attractive option for those seeking both income potential and the pride of ownership in a landmark building.
Situated just off US Highway 69 and minutes from Lake Fork, a nationally renowned fishing destination, the property attracts consistent visitor traffic from anglers, tourists, and local residents. Possible uses include an office hub, creative studio, retail destination, wellness center, event venue, or boutique lodging—all subject to local guidelines. The modest acquisition price combined with Alba’s charm and proximity to an active recreational market makes this property an attractive option for those seeking both income potential and the pride of ownership in a landmark building.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,476 SF
Building Class
C
Year Built/Renovated
1910/2020
Price
$249,900
Price Per SF
$45.64
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.90
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
Commercial w possible res - Permits retail, office, and mixed-use configurations per local guidelines
Parking
4 Spaces (0.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Fireplace
- Accent Lighting
- Air Conditioning
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R39160 | Improvements Assessment | $45,220 |
| Land Assessment | $3,000 | Total Assessment | $48,220 |
Property Taxes
Parcel Number
R39160
Land Assessment
$3,000
Improvements Assessment
$45,220
Total Assessment
$48,220
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189 Broadway St
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