515 Highway StFredericksburg, TX 78624

Property Details for 515 Highway St

Year built

2015

Property size (Sq ft)

120 SF

Property type

Commercial real estate

APN

109299

APU

109299

Description

This exceptional commercial property, located at 515 E Highway St., Fredericksburg, TX 78624, presents a unique investment opportunity. Situated on a substantial 1.7-acre lot (77,101.2 sq ft) zoned C2 within Fredericksburg city limits, this multi-use building boasts a total of over 22,000 square feet of space. The property features approximately 15,575 square feet on the ground floor and an additional approximately 6,450 square feet upstairs. Currently housing a diverse range of businesses including a Mexican restaurant, Mexican grocery store, hair salon, landscaping company, automotive repair shop, and sports bar, this property offers significant income potential. Ample parking is provided by a carport/storage shed with 16 spaces and a detached garage with 6 spaces and additional storage. The property's prime location on Highway St., near Highway 87 S, ensures high visibility and accessibility. The large lot offers potential for future development and expansion, providing further opportunities to enhance the property's value and income stream. This is a rare chance to acquire a substantial commercial property in a thriving Texas Hill Country town.

• Alternative Use

  Use

  Valuation

  Residential

  $28,670

  Hospitality

  $26,262

  Educational

  $21,850

  Medical

  $22,601

  Retail

  $33,988

Location Insight

City

Fredericksburg

County

Gillespie

State

Texas

Latitude

30.2682

Longitude

-98.8777

CBSA code

23240

CBSA name

FREDERICKSBURG, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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