Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
Mortgages can be tricky, and it's easy to make mistakes that can end up costing you dearly. That's why we've put together this list....
Let's talk about some ways you can improve your credit score! Your credit score is actually a big deal, and it can affect...
šø Buy a Piece of Houstonās Art History: Garage Mahal š¼ļø
š Heights Landmark Garage Mahal Listed for $1.3M šµ
One of Houstonās quirkiest landmarks has hit the market! The iconic āGarage Mahal,ā former home to the Art Car Museum at 140 Heights Blvd, is now up for sale, asking $1.3 million. This building isnāt just another property; itās a slice of Houstonās cultural history and an exciting opportunity for commercial real estate investors looking to buy a piece of the cityās artistic legacy. But whatās next for this unique space in the ever-evolving Heights neighborhood?
The Art Car Museum, founded by Texas art legends Ann and James Harithas, was more than a placeāit was a movement. Known for its signature scrap metal spikes, spires, and hubcaps, the building became a beacon for the art car community and a must-see for tourists and locals alike. For over 25 years, this Heights landmark, designed by renowned artist David Best, housed exhibits that showcased the unconventional, rebellious side of Houstonās art scene. š¼ļø
After the passing of both founders, the museum relocated to the Orange Show Center for Visionary Arts in the Third Ward, with a generous $1.25 million donation from the Harithas family ensuring its legacy lives on. But now, this unique building awaits its next chapter.
The listing has generated a lot of buzz, and not just among art lovers. This is a unique opportunity for CRE developers and investors in the Heights. Known for its distinct personality, the buildingās faƧade alone is a statement piece. So, what kind of future could this beloved landmark have? The possibilities are as creative as the museum itself:
1. Boutique Art Studios and Galleries: With its rich history and ties to Houstonās art scene, converting the space into artist studios, galleries, or even an art-focused co-working space could keep its creative spirit alive.
2. Niche Retail or Restaurant Concept: The Heights is known for its vibrant, eclectic food and retail scene. Imagine a quirky restaurant or boutique that embraces the Garage Mahalās eccentric design elements. Picture dining or shopping amidst the original David Best-designed decorānow, thatās a destination!
3. Creative Office Space: The areaās demand for office space catering to start-ups, freelancers, and creative agencies is high. Renovating the building into a unique office space could draw businesses looking for an inspiring, unconventional work environment.
4. Event and Performance Venue: Given its uniqueness, the building could transform into a small-scale event venue, offering an offbeat atmosphere for private events, gallery openings, and live performances. This would both honor its legacy and contribute to the vibrant social scene in the Heights.
One hurdle for potential buyers is the buildingās parking restrictions. According to Mark Davis from Davis Commercial, the limited parking space may steer its future toward arts-focused uses, which require less parking than a typical retail space. But in the Heights, where street parking is often available, creative solutions like valet services or shared parking agreements with nearby businesses could open more possibilities for its use. š
For fans of the buildingās striking design, thereās good news: the iconic spikes and spires are being preserved! Thomas Pascal Will Robinson, the foundersā son, has confirmed that the decorative elements will be moved to the new museum site, where David Best will incorporate them into a fresh installation. So while the building itself may take on a new role, its soul will carry forward to the Orange Show Center for Visionary Arts. š
The Garage Mahal isnāt just a property; itās a brand with a history and a built-in following. For the right investor, this is a chance to make a statement in the Heightsāa neighborhood that thrives on creativity, individuality, and a connection to local culture. Whether the buildingās future lies in arts, retail, dining, or something entirely unexpected, the next owner has a rare opportunity to tap into a beloved part of Houstonās cultural fabric.
So, what do you think the future holds for the āGarage Mahalā? Whatever happens, one thingās certain: this sale marks the end of one era and the beginning of another for Houstonās art scene and the Heights neighborhood. Stay tuned for the next chapter! šš
Iām an experienced Commercial Real Estate Mortgage Broker, please feel free to reach me at 281-222-0433.
#HoustonRealEstate #CRE #GarageMahal #ArtCarMuseum #HeightsHouston #CommercialRealEstate #HoustonArtScene #HistoricHouston #CREInvestment #HoustonLandmarks
https://www.billrapponline.com/
https://medallionfunds.com/bill-rapp/
https://houstoncommercialmortgage.com/
https://findamortgagebroker.com/Profile/WilliamRappJr28883
https://doctorvideo.billrapponline.com/
https://veteransvideo.billrapponline.com/
https://mortgageviking.billrapponline.com/
https://fha203h.billrapponline.com/
https://renovationvideo.billrapponline.com/
https://www.smartbizloans.com/partner/vikingenterprisellc/bill
https://www.fastexpert.com/loan-officer/bill-rapp-95119/
https://billrapponline.com/financingfuturescre-houston-katy
https://www.smartbizloans.com/assist/partner/medallionfunds/bill
https://billrapp.commloan.com/
Ā© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Copyright Ā©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright Ā© 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright Ā©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/
Facebook
Instagram
X
LinkedIn
Youtube
TikTok