301 Mercer St Dripping Springs, TX 78620

This exceptional 6,000 square foot retail property, located in the heart of Dripping Springs' historic district at 301 W Mercer St, presents a unique investment opportunity. The building, a nationally recognized landmark constructed in 1891 and renovated in 2012, boasts two distinct commercial spaces, each approximately 3,000 square feet. Currently occupied by two established businesses – one with a lease extending to September 21st, 2027, with a five-year renewal option, and the other owner-occupied and potentially available for new use after a negotiated timeframe – this multi-tenant property offers immediate income potential and long-term growth prospects. The property sits on four contiguous lots totaling 19,998 square feet, providing ample space and parking. Features include a covered walkway, convenient parking access from Mercer and College Streets, a large rear parking lot, a fenced and landscaped side yard for one tenant, and a loading dock. The property also benefits from the shade of a historic oak tree on city property. The building is zoned CS and offers potential for a second-story addition. This is an unparalleled opportunity to own a piece of Dripping Springs history in a rapidly growing area of Hays County, one of the fastest-growing counties in the nation. The asking price is $2,890,000, reflecting a land value of $6,534,524.07 per acre. The property is offered as a Net NNN lease.