502 Mulcahy Street
Damon, TX 77430
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Bed
1
Bath
0.17Acre(Lot)
**CORNER LOT INEVESTMENT OPPORTUNITY IN GROWING NORTHWEST BRAZORIA COUNTY** The window is open for the chance to own a piece of Damon, Texas' storied history. This unique building was built in 1920 during Damon's oil boom and served as the town's bank from 1931-1939, with the original bank vault still in tact & operational. Situated on a corner lot in the middle of downtown Damon, the income producing property is currently leased to USPS, with the lease set to expire on 7/31/28. Lease may be renegotiated or terminated at buyer's discretion. In late 2024 the building was renewed by being completely leveled, a new roof and central air & heat were installed, along with a 18x20 carport added to the side for covered parking. Sitting in the direct path of SW Houston's rapidly expanding corridor
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 1 -
Roofing Information
Composition -
Interior Features
Roof: Composition -
Heating & Cooling
Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Electric
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Building Information
Year Built: 1920 Construction Materials: Wood Siding Stories: 1 Private Pool: No
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Lot Information
Main Square Feet: 0.1676 Acres Lot Size Acres: 0.1676 Lot Size Square Feet: 7300.656 Lot Description: Corner LotProperty Information
Subdivision: Damon Source Property Type: Residential Postal Code Plus 4: 9800 Property SubType: Single Family Residence Property Age: 106
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Listing Price Information
Listing Price: $115000 Cash, Conventional
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Tax Information
Parcel Number: 31100178000 Tax Year: 2025 Annual Tax: $1255 Tax Legal Desc: DAMON BLK 8 LOT 5-6 (E/72')
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Parking Information
Detached Carport, Detached
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School Information
Elementary School: Damon Elementary SchoolJunior High School: Damon Elementary SchoolSenior High School: Columbia High School -
Location Information
Direction: HWY 36 to Mulcahy Avenue/CR 264. Approximately .2 miles property will be on the right, at the corner of Mulcahy Avenue and Live Oak Street. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 302444 Plantation, Damon, TX, 77430 | $224,900 | 2 | 2 | 1,378 | 0.42 Acre |
| 100 Mulcahy Street #264, Damon, TX, 77430 | $400,000 | 3 | 2 | 1,575 | 3.11 Acres |
| 20202 Deer Run Road, Damon, TX, 77430 | $525,000 | 3 | 3 | 2,763 | 3.12 Acres |
| 20218 Oak Forest Road, Damon, TX, 77430 | $445,000 | 3 | 2 | 1,735 | 4.92 Acres |
| 21802 Lake View Road, Damon, TX, 77430 | $700,000 | 3 | 3 | 2,405 | 5.47 Acres |
| 29523 County Road 25, Damon, TX, 77430 | $209,900 | 2 | 2 | 1,320 | 0.44 Acre |
| 29927 County Road 25, Damon, TX, 77430 | $379,900 | 3 | 3 | 3,144 | 0.66 Acre |
| 19645 Nordt Road, Damon, TX, 77430 | $595,000 | 4 | 2 | 2,128 | 6.30 Acres |
| 3811 Cedar Street, Damon, TX, 77430 | $295,000 | 4 | 2 | 1,410 | 0.31 Acre |
| 3514 Commerce Street, Damon, TX, 77430 | $149,999 | 2 | 1 | 1,120 | 0.31 Acre |
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ByOwner last updated this listing 09/16/2026 @ 04:49
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