Exceptional opportunity to acquire an established downtown Bastrop retail business and commercial property on the historic Morehouse Parish Square. Founded in 1920, this well-known local gift shop has served generations of customers and offers a rare combination of real estate, business assets, inventory, local recognition, and continued operating potential. The sale includes the commercial building, retail and gift shop inventory, computer system, delivery vehicle, and other business assets needed for continued operation, making this a strong turnkey opportunity for an entrepreneur, existing retailer, or investor seeking a recognizable downtown location. Positioned along a high-visibility corridor with an estimated daily traffic count of approximately 8,000 vehicles, the property benefits from strong exposure in the heart of Bastrop's historic commercial district. The business has long been known for its community presence, unique merchandise offerings, and loyal local following. Adding to the property's flexibility, the business was formerly operated as a community pharmacy and gift shop. A future pharmacy-related use may be possible, subject to all applicable licensing, regulatory requirements, approvals, and buyer due diligence. Whether you are looking to continue the existing gift shop operation, expand a retail brand, invest in downtown commercial real estate, or explore a new business concept, 107 E. Madison Avenue offers history, visibility, assets, and opportunity in one compelling package. Contact the listing agent for additional details.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Listed For Sale Commercial | $120,000 | Re/Max Premier Realty |
| Year | Annual Amount | Description |
|---|---|---|
| $0 | Lengthy - Please See Associated Documents |
Elementary School South Side Elementary School | 0.3 miles away | PK - 06 | |
Other Morehouse Central Office | 0.3 miles away | 00 - 00 | |
Elementary & Middle School Morehouse Magnet School | 0.6 miles away | 01 - 08 |