$695,000
$695,000
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8,879 SqFt
SOLD DATE : 02/20/2025
Key Details
Sold Price $695,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 8,879 sqft
Price per Sqft $78
Subdivision O T Pilot Point
MLS Listing ID 20595205
Sold Date 02/20/25
HOA Y/N No
Year Built 1896
Annual Tax Amount $5,339
Lot Size 0.425 Acres
Acres 0.425
Property Sub-Type Retail
Property Description
From the time it was constructed, the Farmers and Merchants Bank has been a focal point of the Pilot Point town square. The Merchant & Farmers Bank building exhibits elements from Romanesque Revival, Tudor Revival, and Beaux Arts styles. Regarded by many as one of the most architecturally significant historical buildings in Texas, the offering consists of 2 very distinct buildings that were built in tandem in the late 1800's. The structures are connected and form one 10,000-square-foot structure. Th 2nd floor has 2 one-bedroom apartments.Opportunities exist for tax rebates and grants to restore the property. The property would be an ideal location for a restaurant, retail, Air B&B, offices, apartments, a bank, etc.. Showings require 48 hours advanced notice, pre-approval letter, and proof of funds before touring the property. See the attached master plan for a detailed study that was done on the property by Quimby McCoy Architects. Owner financing is available to qualified buyers.
Location
State TX
County Denton
Community Curbs, Sidewalks
Zoning MF Dwelling
Direction Located in the historic commercial district of Pilot Point Texas. Take 377 north to Washington Street. The building is located on the corner of Main and Washington.
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Exterior
Parking Features No Garage, On Street
Community Features Curbs, Sidewalks
Utilities Available Natural Gas Available, Sewer Available, Separate Meters, Water Available
Water Access Desc Public
Roof Type Other,Slate
Street Surface Asphalt
Road Frontage City Street
Garage No
Building
Lot Description Corner Lot, Historic District
Story 2
Foundation Brick/Mortar, Pillar/Post/Pier
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID R39436
Financing Cash
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