800 Indiana Avenue, Wichita Falls, TX 76301

Property Description

Acquire a 12-story, 90,743 SF downtown building with 190+ parking spaces, a clean structural report, no asbestos issues, no existing bank debt, and a clear path to 50+ multifamily units — all for $1,500,000. That's roughly $16.50/SF for a building appraised at $1,580,000 on an income basis in 2021, with a projected stabilized value between $8.97M and $13.15M.