1709 Llano StFredericksburg, TX 78624

This exceptional 3.5-acre property in Fredericksburg, Texas, presents a compelling mixed-use investment opportunity. Located just outside the city limits, in the ETJ, with city sewer access, this property offers a unique blend of income-generating assets and significant development potential. Currently, the property comprises 66 (10x10) self-storage units, generating consistent rental income and catering to high local demand. A residential house, currently occupied by a long-term tenant, provides additional rental income or potential for future housing development. A versatile storefront offers adaptable space for various retail or commercial uses, further enhancing the property's income potential. The property's strategic location provides convenient access to Fredericksburg's amenities while offering a more spacious, suburban setting. With a total square footage between 10,000 and 10,100, and a 90% occupancy rate, this property is currently generating significant revenue. The asking price is $2,200,000, with a price per unit of $33,333.33. The property is zoned ETJ and is available for a 1031 exchange. This is an ideal investment for those seeking to maximize returns through residential development, commercial ventures, or a combination of both, leveraging the ample space for expansion and the existing income streams. The property is a multi-tenant property with a modified lease type.