234 Main StFredericksburg, TX 78624

Property Details for 234 Main St

Lot size

0.13 AC

Property size (Sq ft)

2,716 SF

Property type

Commercial real estate

APN

22176

APU

22176

Description

This exceptional 2,716-square-foot commercial building at 234 W Main St, Fredericksburg, TX, presents a unique leasing opportunity. Located in the heart of Fredericksburg, this historic property boasts undeniable charm, attracting nearly 2 million annual visitors. The building features high ceilings, exposed stone walls, and a delightful bonus courtyard, creating a versatile space ideal for a restaurant, café, bar, retail store, or art gallery. The property includes two bathrooms. For food-service businesses, a significant advantage is the existing health department-approved kitchen, pre-wired for a commercial dishwasher and sink – a move-in ready culinary space. Landlords are willing to include commercial kitchen equipment in the lease. This 12-month lease offers a chance to establish a business in a prime downtown location, capitalizing on the high volume of tourism. The property sits on a 0-acre lot. The asking lease price is $9,000. Don't miss this rare chance to secure a piece of Fredericksburg's rich history and vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $642,521

  6.5%

  $593,096

  7%

  $550,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $617,265

  Geo Method

  $617,265

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,184,190

  Retail / Commercial

  $604,013

  Mixed-Use / Specialty

  $599,311

  Hospitality / Lodging

  $436,378

  Office

  $593,096

  Institutional / Educational

  $622,131

  Residential Income

  $727,893

  Multifamily

  $887,123

  Automotive / Energy

  $533,255

  Parking / Income-Based Land

  $186,538

  Restaurant / Food Service

  $306,268

  Healthcare / Senior Housing

  $617,195

Location Insight

City

Fredericksburg

County

Gillespie

State

Texas

Latitude

30.2777

Longitude

-98.875

CBSA code

23240

CBSA name

FREDERICKSBURG, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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