UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Original Town Coleman
MLS Listing ID 20830006
Total Fin. Sqft 10000
Annual Tax Amount $2,003
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Retail
Property Description
Located in the heart of downtown Coleman, this rare corner lot offers unbeatable visibility and access in one of the city's most sought-after areas. The 10,000 sq. ft. building is a two-story gem that combines modern retail potential with rich historical charm.
The ground floor is currently in use as retail space, but the building offers limitless opportunities for transformation. With multiple entrances and a flexible layout, the ground floor could easily be divided into several separate retail locations to maximize income potential.
The second floor retains the original remnants of the iconic Wylie Hotel, built in the early 1900s. With 18 original rooms, this space offers a unique opportunity for restoration or conversion into additional commercial or residential units (subject to zoning). Whether you're looking to preserve its historical elements or create something entirely new, the potential is extraordinary.
Key Features:
Prime downtown location with high foot traffic
10,000 sq. ft. total (2 stories)
Original 18-room Wylie Hotel on the second floor
Multiple entrances and flexible floorplan for retail conversions
One restroom downstairs, ample space for expansion
Motivated sellers—ready to negotiate!
Whether you're an investor, developer, or business owner, this property offers an exceptional opportunity to capitalize on one of downtown Coleman's most historic buildings. With its prime location, rich history, and endless potential, the possibilities are truly spectacular.
Location
State TX
County Coleman
Zoning Commercial
Direction Jamison Mercantile is located on the corner of South Commercial and College Street.
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Hardwood
Heat Source Central
Exterior
Utilities Available City Sewer, City Water, Electricity Connected, Individual Gas Meter, Phone Available
Roof Type Tar/Gravel
Garage No
Building
Lot Description Corner Lot
Foundation Slab
Structure Type Brick,Plaster,Rock/Stone,Wood
Others
Ownership Jamison
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20830006
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.