Buy the Edgefield Citgo for $695,000

Someone with $695,000 could score a win for preservation in Elmwood.

We reported this week that a 1950s service station on Beckley was torn down recently.

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Here’s a chance to take custody of another one: The former Edgefield Citgo, in the heart of the Elmwood commercial district, is for sale. It’s a 2,396-square-foot building with an office, a showroom and three carwash bays. It was built in 1957.

The current owner previously had plans to turn the building into a laundromat but put it on the market instead. Broker Kathy Frazier of Texas Lone Star Realtors says the owner would be requesting deed restrictions, which she declined to disclose.

The building, on Edgefield at Ferndale, is zoned community retail, so it could be replaced with a multistory retail building.

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  • Roy Kronenberg

    Value
    2017 Proposed Values
    Improvement:$52,750
    Land: + $26,740
    Market Value: =$79,490

    Inflated much?

  • downtownworker

    There’s generally nothing wrong with shooting for the moon when setting your price but let’s get real, not in this case. This person is delusional and not doing the neighborhood any favors by sitting on a vacant building. Elmwood deserves a thriving commercial district, and people like this property owner are happy to hold it hostage with their grossly inflated asking prices. Anyone care to look at how it’s valued on DCAD and how much he is paying in taxes?