Friday, March 25, 2016

Fitzgerald Building - 111 N. McCarty, Eagle Lake Texas

How YOU doing there cute loft conversion home?!

Fitzgerald Building - 111 N. McCarty, Eagle Lake Texas

Full Bath(s): 1
Half Bath(s): 1

Heated Sq. Ft.: 4800
Stories: 2

Acres: 0.060
Rare peace of Texas History is available in Eagle Lake well below appraised value! Listed on the “Register of Historical Places to Visit,” the Fitzgerald Building built in 1912 is waiting for the next entrepreneur to seek their new place of business. This 2 story building has so many opportunities. From 1910 to 1920s, the building was home of the Western Union Telegraph office managed and operated by Mrs. Annie Cook. Over the years, many business entities have occupied this historical treasure, from Doctors to Dentists, Attorneys to Barber Shops, Beauty Shops to Dress Shops. Even a short stint from 1940s to 1950s, Mr. Henry Becker operated a liquor store, well after the prohibition from 1920-1933 of course! In the 1960s, Mr. Bill Stiles' sister-in-law ran a beauty shop. Later in the 60s, Mrs. Ernest Uzzell bought a portion of the shop and operated as Slenderella, according to research, they would have sold socks, stockings and knitted goods. So much history has traveled through those doors! 

According to records, in the 1960s, the bottom floor was completely renovated when Gulf Coast Savings and Loan purchased. Until 2013, the bottom floor of the building was used by Wallis State Bank. 2400 sf of open space with 3 offices, kitchen area, and storage room are all move in ready. The sellers are leaving several pieces of equipment including office desks, 4 stand-alone security safes, and various filing cabinets. The granite teller station could easily be retrofitted for countertop space, restaurant display, the options are endless. 

The 2400 sf upstairs area has good bones but will need some renovation. Original to the building are gyplap wood walls, great hardwood floors, and several details hailing from the 1900s. There are 10 plus rooms that could be used for loft space to rent, living quarters or artists’ studios. There is a 1 bathroom and 1 half bath in this area. One of the most charming rooms is a quaint parlor complete with a fireplace that overlooks the downtown square area of Eagle Lake. 

The positive for an investor would be the bottom floor could be utilized right away for income potential and over time, the upstairs could be renovated or used for storage. There are truly endless opportunities. 

The property is presently owed by the City of Eagle Lake. For additional information or to schedule an appointment, give Dee Brabham, Broker, with Texas Land Group a call at 979-733-2424.

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