107 S Austin StreetComanche, TX 76442Price: $625,000

Positioned just off the square in downtown Comanche, this three-story iconic building presents a rare opportunity to create a landmark mixed-use property in one of Central Texas’ most charming small towns. The ground level features three retail spaces, ideally suited for boutiques, cafs, or service businesses looking to capitalize on steady foot traffic from the vibrant downtown square. You'll also notice the cornerstone on the building, laid by local Masonic lodges in 1909, marks this building as a true piece of Comanche's early 20th-century history. Comanche’s historic square is known for its energized nightlife, local shopping, and diverse dining scene, with new wineries and businesses continuing to elevate the area’s appeal. The second floor offers seven efficiency-type apartments, providing an excellent foundation for long-term rentals, short-term stays, or workforce housingwell suited for educators, healthcare professionals, and other local employers in this growing small-town market. The third floor is truly unique, showcasing a large ballroom-style space filled with natural light, perfect for reimagining as an event venue, creative studio, co-working space, or private club. This level also includes its own separate access, adding flexibility and privacy. Completing the top floor is a two-bedroom apartment with views overlooking the town, offering a standout residential or executive rental opportunity. While the building is ready for renovation, it provides a blank canvas to design and build exactly what you envision. With multiple income streams under one roofretail, residential, and event or specialty usethis property is well positioned for an investor or developer seeking value-add potential in a community with strong local pride and growing tourism. If you’re looking to invest in character, location, and upside, this downtown Comanche property offers the chance to transform a historic structure into a cornerstone of the city’s continued growth.