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    209 Cheatham St San Marcos, TX 78666

    For Sale
    $625,000

    COMMERCIAL - San Marcos, TX

    Lot size:
    0.46 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 9 at 11:06 pm

    Property Features for 209 Cheatham St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R97836
    Lot size
    0.46 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Kelly Right Real Estate of Tex (512) 219-2829

    Listing agent Ann Flink (512) 219-2829 License #0729218

    Listing date Nov 18, 2025

    Copyright © 2025 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    San Marcos Commercial Land Opportunity

    Located in the emerging South Square District of San Marcos, this offering includes two lots being sold together, totaling approximately 0.65 acres. The site is positioned near the San Marcos River, amid a local business environment, and within walking distance of Texas State University and the Downtown Square. Accessibility is enhanced by proximity to Highway 123 and I-35. The property is zoned CD-5D (Downtown Character District), which supports a mix of uses suitable for the urban core, including multi-family or courtyard housing (up to 24 units), restaurant, bar, retail concepts, mixed-use residential over commercial, boutique hotel or short-term rental hub, and creative office or studio space. City water, wastewater, and electric utilities are available. The site features a flat topography, is partially wooded, and is ready for development. A recent survey is available. Private road, curb cuts, and storm-drain infrastructure are in place. The location is described as being in a close-knit community of local businesses, with music, food, and energy. Seller financing is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.9379544
    Latitude
    29.8771953

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land in San Marcos' South Square District.
    Where is this commercial land located?
    The property is located at 209 Cheatham St San Marcos, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Prime location in San Marcos' emerging South Square District; - Two lots totaling ~0.65 acres with high-visibility commercial development potential; - CD-5D zoning allows for a wide mix of uses
    (512) 219-2829
    Request Owner's contact information
    209 Cheatham St San Marcos, TX 78666
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 Cheatham St San Marcos, TX 78666
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