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    241 E Austin St Fredericksburg, TX 78624

    For Sale
    $6,495,000

    Commercial Sale - Fredericksburg, TX

    Lot size:
    0.43 Acres
    Days on Market:
    165
    Last Refresh:
    Dec 8 at 2:06 pm

    Property Features for 241 E Austin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    CBD
    Parking features
    On Street
    Interior features
    Elevator, Restroom-public, Restroom-private, Handicap Access, Other-see Remarks
    Exterior features
    Fence, Loading Dock
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Building materials
    Stone
    Roof type
    Metal
    Architectural style
    Other

    RE/MAX Town & Country (830) 456-6327 [email protected]

    Listing agent Michael W. Starks (830) 990-8708

    Listing date Jun 27, 2025

    MLS# 98115 Listing URL

    Copyright © 2025 Central Hill Country Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fredericksburg Commercial Property For Sale

    This commercial property is located in Fredericksburg, Texas, prominently situated on a 0.43-acre corner lot in the Central Business District. The 6,461 square-foot building is positioned across from the Convention and Visitors Bureau, the Nimitz Museum, and near the Albert Hotel. Previously home to the Sage Restaurant, the property could be converted back into a restaurant with a kitchen refresh. Alternatively, the location is suitable for a wine tasting room or a multi-shop retail complex due to the high foot traffic from the Visitors Center. The property is also adaptable for office space, with existing plans for a seamless transition. The first floor features a wine wall, high ceilings, a dining hall, private rooms, and three patios for dining and entertaining. The entrance includes a bar and reception area with butcher-block floors. The main dining room is adjoined by three private spaces suitable for private dinners, VIP meetings, or offices. An elevator leads to an upstairs area with another bar and dining space, a balcony overlooking the main floor, and a private patio with views of Fredericksburg. The back of the building, currently set up as a kitchen (without appliances), includes an office and a bar serving room for one of the back patios. There are eight restrooms, with two on each floor and additional sets on each of the large patios. The property is enclosed by stonework walls, creating private outdoor spaces. The three back patios each have unique features, including fountains, fireplaces, and serving bars. The largest patio has a covered seating area suitable for company events or live music. The property's flexible space can accommodate multiple businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sage Restaurant and Lounge Restaurant The Courtyard Takeaway at Sage Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Chase's Place Cocktails

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.8683436
    Latitude
    30.2736195

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    FAQs

    What type of property is this?
    Restaurant - Impressive 6,461 sq ft commercial building on 0.43 acre corner lot.
    Where is this restaurant located?
    The property is located at 241 E Austin St Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $6,495,000.
    What are key features of this property?
    This property features: - Prime Location: Large corner lot in Fredericksburg's Central Business District, across from key landmarks, ensuring high visibility.; - Versatile Commercial Space: 6,461 square feet, zoned for the Central Business District, suitable for various businesses.; - Existing Restaurant Infrastructure: Features a grand dining hall, private rooms, a wine wall, and a kitchen setup.
    (830) 990-8708
    Request Owner's contact information
    241 E Austin St Fredericksburg, TX 78624
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    Fredericksburg, TX 78624
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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
    241 E Austin St Fredericksburg, TX 78624
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