Texas town is for sale, price $4M

Mustang has been listed for sale, but this is not a horse or even a sports car. It’s a small, 76-acre town in Texas. It’s been listed for $4 million, complete with homes and a fire department.

Currently named Mustang, the town sits off Interstate 45. The new owner could re-name the town, pending citizen approval by vote, according to listing agent Mike Turner of the Dallas brokerage firm, J. Elmer Turner. Speaking to the Daily Mail, he described the features of the property.

“There is a little store and some mobile homes. It’s off Interstate 45. There is also a state-approved sewage plant in the town and a 7,000-square foot, vacant warehouse.”

The town even made local headlines at one point, although not for any positive reason. As Turner explains: “It had an illustrious strip club called Wispers, which is now the empty warehouse.” A killing at Wispers in 2008 apparently garnered the town media attention.

The town was also once “the only wet spot around until liquor sales changed,” Turner says, describing a town permitted to sell alcohol. In April 1973, reportedly, Mustang voters approved the designation.

According to the Daily Mail:

“People who had been making the hour long drive to Texas for their beer runs where able to line up locally in Mustang at The Gusher.

“The Gusher was so popular that when it burned down one day, a temporary establishment was erected in its place before the end of the business day.

“There was even a beer garden called Little Scholtz’s where students from Navarro College, in nearby Corsicana, would gather at the picnic tables and party.

“Water bills and other town expenses were largely paid with money collected from the lease of two buildings on the property. “

At the time, towns surrounding Mustang were “dry,” but eventually more towns allowed the sale of alcohol, thus ending Mustang’s heyday.

Mustang is now in disrepair, but like any good agent, Turner says the right buyer, with a vision, could turn it into something special and revive the community. Under the “Endless Possibilities” heading of a website for the listing, the agency writes:

  • The Municipal corporation can be tailored to suit objectives within the Texas Local Government Code
  • Power of Annexation
  • Town has waste water treatment facility

“The whole site could be re-purposed.” Turner reportedly said. “It could be a truck stop, a mobile home park, almost anything.”

The history of Mustang (Source: Wikipedia):

The population was 21 at the 2010 census, making it the smallest town in Texas. 

Mustang was incorporated in 1973 for the purpose of selling alcohol in what was then a dry Navarro County. The incorporation effort was led by partners, William “Bill” McKie, a former Corsicana city attorney and Harold “Mack” McElhenney businessman.

Mustang had a population of 12 in the 1980 Census, which grew to 35 in 1990.

By the mid-1990s, the town lost its status as the primary alcohol stop in the county as other nearby communities began to repeal their Blue laws. 

The population of Mustang rose to 47 in 2000.

Town founder Bill McKie negotiated a deal to sell Mustang to Tommy Sinclair, who leased a club in the community, on June 5, 2005 for $600,000. The transaction wasn’t completed, however, and Sinclair filed a lawsuit in October 2005 for the right to buy the property. McKie died on November 11, 2005, and his wife Marsha took over legal proceedings on her late husband’s behalf. Since McKie’s death, legal wrangling over ownership of the town and financial issues have plagued Mustang. In November 2006, the city of Angus threatened to cut off water service to the community over an unpaid bill that totaled $3,400.

Mrs. McKie, acting on the town’s behalf, personally paid the bill. The case over ownership went back to court in April 2007. Four months later, Sinclair was given possession of Mustang, but not the deed. He promptly evicted much of the town council as well as the city secretary and fire chief. The evictions went to court in November 2007 and a majority of the council left town, but refused to resign their posts. In February 2008, the two council members living in residence called for an election to be held that coming May. The town’s disputed ownership status led to the holding of two separate council elections on May 10, 2008. The first election, endorsed by Tommy Sinclair, elected a mayor and five aldermen.

The vote was canvassed on May 17. In the second called election, three aldermen positions were left open. Those results were canvassed on May 14. Eight votes were cast in both elections; six votes in one and two in the other. Both governments claimed legitimacy.

Tommy Sinclair and two others were indicted on June 25, 2009 by a Navarro County grand jury in connection with the October 1, 2008 death of a Houston man after an alleged altercation at his cabaret in Mustang.

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.







 

Comment via Facebook

Send this to a friend