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The Greenberg Pearlman 106 W Main St 4,300 SF 59% Leased Retail Building Pilot Point, TX 76258 $1,169,498 CAD ($271.98 CAD/SF)
Investment Highlights
- Close proximity to Lake Ray Roberts and area shopping
- Private and peaceful
- Historic an unique one-of-a-kind property with elevated design features, and the ability to run a business our of the downstairs
- Lake views from roof top
Executive Summary
Historic Mixed-Use Investment Opportunity | Downtown Pilot Point Square | STR + Retail Income | $849,000
106 W Main St, Pilot Point, TX 76258
Price: $849,000 | $197.44/SF | 4,300 SF
Investment Overview
Rare opportunity to acquire a fully restored 1892 historic mixed-use commercial building located directly on the downtown square in Pilot Point, just minutes from Lake Ray Roberts.
This ~4,300 SF asset combines stable in-place commercial income + short-term rental residential income potential, offering immediate cash flow with long-term appreciation upside in a rapidly growing North Texas corridor.
Property Highlights
Zoning: Mixed-use (retail / office / live-work / STR permitted use)
Building Size: ~4,300 SF
Ground Floor: ~2,000 SF - Fantastic tenant with thriving business and 3yr lease retail/commercial space (income-producing tenant in place)
Second Floor: ~2,300 SF residential loft / STR / Airbnb-ready unit
Roof Deck: Elevated outdoor space with lake views
Historic Construction: Original 1892 structure with preserved architectural detail
Income Summary (Pro Forma)
Commercial Lease Income: $20,000 – $25,000 annually
Short-Term Rental / Residential Loft: $30,000 – $40,000 annually
Total Potential NOI: $50,000 – $65,000 annually
Asset Features
Turnkey furnished STR loft (furniture + antiques included)
Exposed original brick, wood beams, tin ceilings
Updated infrastructure including HVAC and electrical improvements
Rooftop deck with panoramic views of Lake Ray Roberts
High visibility frontage on the primary downtown square retail corridor
Walkable to restaurants, retail, and community events
Location & Market Fundamentals
Prime position on historic downtown square in Pilot Point
Strong regional draw from North DFW growth corridor
Minutes to recreational destination Lake Ray Roberts
Surrounded by expanding residential development and master-planned communities
Lower cost basis compared to nearby high-growth submarkets (Frisco / Prosper corridor)
Investment Positioning
This asset is well-suited for:
Private investors seeking cash-flowing mixed-use property
1031 exchange buyers
Owner-operators / live-work users
STR operators seeking downtown boutique rental asset
Value-add investors targeting historic repositioning upside
Additional Notes
Historic landmark building with prior commercial uses (retail + service-based tenants)
Located in designated downtown district with continued revitalization momentum
Potential eligibility for local historic preservation incentives (buyer to verify)
Conclusion
106 W Main St represents a rare opportunity to acquire a cash-flowing historic mixed-use asset on the downtown square in Pilot Point, combining stabilized retail income with STR upside in a supply-constrained historic core.
106 W Main St, Pilot Point, TX 76258
Price: $849,000 | $197.44/SF | 4,300 SF
Investment Overview
Rare opportunity to acquire a fully restored 1892 historic mixed-use commercial building located directly on the downtown square in Pilot Point, just minutes from Lake Ray Roberts.
This ~4,300 SF asset combines stable in-place commercial income + short-term rental residential income potential, offering immediate cash flow with long-term appreciation upside in a rapidly growing North Texas corridor.
Property Highlights
Zoning: Mixed-use (retail / office / live-work / STR permitted use)
Building Size: ~4,300 SF
Ground Floor: ~2,000 SF - Fantastic tenant with thriving business and 3yr lease retail/commercial space (income-producing tenant in place)
Second Floor: ~2,300 SF residential loft / STR / Airbnb-ready unit
Roof Deck: Elevated outdoor space with lake views
Historic Construction: Original 1892 structure with preserved architectural detail
Income Summary (Pro Forma)
Commercial Lease Income: $20,000 – $25,000 annually
Short-Term Rental / Residential Loft: $30,000 – $40,000 annually
Total Potential NOI: $50,000 – $65,000 annually
Asset Features
Turnkey furnished STR loft (furniture + antiques included)
Exposed original brick, wood beams, tin ceilings
Updated infrastructure including HVAC and electrical improvements
Rooftop deck with panoramic views of Lake Ray Roberts
High visibility frontage on the primary downtown square retail corridor
Walkable to restaurants, retail, and community events
Location & Market Fundamentals
Prime position on historic downtown square in Pilot Point
Strong regional draw from North DFW growth corridor
Minutes to recreational destination Lake Ray Roberts
Surrounded by expanding residential development and master-planned communities
Lower cost basis compared to nearby high-growth submarkets (Frisco / Prosper corridor)
Investment Positioning
This asset is well-suited for:
Private investors seeking cash-flowing mixed-use property
1031 exchange buyers
Owner-operators / live-work users
STR operators seeking downtown boutique rental asset
Value-add investors targeting historic repositioning upside
Additional Notes
Historic landmark building with prior commercial uses (retail + service-based tenants)
Located in designated downtown district with continued revitalization momentum
Potential eligibility for local historic preservation incentives (buyer to verify)
Conclusion
106 W Main St represents a rare opportunity to acquire a cash-flowing historic mixed-use asset on the downtown square in Pilot Point, combining stabilized retail income with STR upside in a supply-constrained historic core.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,300 SF
Building Class
C
Year Built
1892
Price
$1,169,498 CAD
Price Per SF
$271.98 CAD
Percent Leased
59%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.90
Lot Size
0.11 AC
Zoning
mixed use
Parking
50 Spaces (11.63 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Fenced Lot
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- J and A Remodeling
- -
- -
- $14.04 CAD
- Modified Gross
- Jul 2021
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| J and A Remodeling | - | - | $14.04 CAD | Modified Gross | Jul 2021 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R39402 | Improvements Assessment | $422,985 CAD |
| Land Assessment | $103,313 CAD | Total Assessment | $526,297 CAD |
Property Taxes
Parcel Number
R39402
Land Assessment
$103,313 CAD
Improvements Assessment
$422,985 CAD
Total Assessment
$526,297 CAD
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The Greenberg Pearlman | 106 W Main St
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