Historic Montgomery Ward Building 516 Center Ave 20,000 SF Vacant Retail Building Brownwood, TX 76801 $1,087,139 CAD ($54.36 CAD/SF)

Located at 516 Center Ave., Brownwood, Texas, the historic Montgomery Ward building is a compelling redevelopment opportunity. Initially built in 1927, it spans approximately 19,000 to 20,000 sq ft over four full stories, plus a mezzanine and full basement.
Architectural & Historic Highlights:
The building exhibits early-20th-century commercial architecture, featuring original materials and design elements including brick construction, lofty ceilings, large window arrays, and decorative façade details.
Interior features include thick pine floors, pressed-tin ceilings, vintage light fixtures, and large open plate-glass window bays—elements that contribute strong character and historic authenticity.
The roof was redone in 2012 and is currently free of leaks
Location & Strategic Value
The building occupies a prime downtown Brownwood location — strong street presence on Center Avenue in the heart of historic downtown, right in front of City Hall and across from the Post Office. The visibility and connectivity are significant pluses for any mixed-use or adaptive-reuse plan.
Given its size and structural openness, the space offers flexibility — suitable for retail ground-floor plus loft offices or even residential conversion on upper floors.
Investment & Redevelopment Opportunity
This building represents a value-add asset: the structure stands out historically and architecturally so bring your vision and capital to bring it to life.
It's an unusual find for sure!
With adaptable floor plates and distinctive character, possible uses include: a flagship retail/experience destination at street level, co-working/creative offices on mid-floors, residential lofts or hospitality use above — leveraging the historic aesthetic as a premium feature.
There is plenty of parking on the street in front of the building and around the sides of the whole block.