With the passage of time, the Newby–McMahon Building has become a monument to a long-gone era.
It has survived tornadoes, a fire, and decades of neglect to stand as a monument to the greed, genius, graft, and gullibility of the oil boom days of North Texas.
The building is currently part of the Depot Square Historic District of Wichita Falls, which has been declared a Texas Historic Landmark and listed on the National Register of Historic Places.
The building has never met the criteria for the definition of a skyscraper, nor even that of a "high-rise" building.
After its renovation, the building was home to an antiques dealership, the Antique Wood, which opened in 2006 on the ground floor.
Since 2013, besides being a local tourist attraction, a furniture and home décor consignment boutique, Hello Again has occupied the entire building.
 At times, floors of the skyscraper have been subleased to various local artisans.

The Newby–McMahon Building is among several historic buildings featured in the documentary film Wichita Falls: The Future of Our Past, a retrospective analysis of the city's architectural past produced in 2006 by Barry Levy, a public information officer with the city of Wichita Falls.
With the passage of time, the Newby–McMahon Building has become a monument to a long-gone era. It has survived tornadoes, a fire, and decades of neglect to stand as a monument to the greed, genius, graft, and gullibility of the oil boom days of North Texas. The building is currently part of the Depot Square Historic District of Wichita Falls, which has been declared a Texas Historic Landmark and listed on the National Register of Historic Places. The building has never met the criteria for the definition of a skyscraper, nor even that of a "high-rise" building. After its renovation, the building was home to an antiques dealership, the Antique Wood, which opened in 2006 on the ground floor. Since 2013, besides being a local tourist attraction, a furniture and home décor consignment boutique, Hello Again has occupied the entire building.  At times, floors of the skyscraper have been subleased to various local artisans.
The Newby–McMahon Building is among several historic buildings featured in the documentary film Wichita Falls: The Future of Our Past, a retrospective analysis of the city's architectural past produced in 2006 by Barry Levy, a public information officer with the city of Wichita Falls.
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