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Riverfront Mixed-Use Property
For Sale
$1,199,000

2523 Memorial Blvd, Kerrville, TX 78028

Commercial Sale, Kerrville, TX

Property Size600 SF
Lot Size2.84 Acres
Price / SF$1,998
Days on Market194

Property Features for 2523 Memorial Blvd

General Information

Property type Commercial Sale
Property subtype Office
Zoning C-2
Parking 30
Exterior features Lighting, Storage
Accessibility Accessible Approach with Ramp
Lot features Flood Fringe Area, Flood Plain, Open Lot, Partially Wooded, Sloped
Elementary school Tom Daniels
Subdivision 23-Westminster to 534
Standard status Active
Size 600 SF
Lot size 2.84 Acres

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Electric
Water source Public
Water front features Waterfront
Water front 1

Amenities

river frontage
soaring exposed wood beam ceilings
modern track lighting
updated flooring
open-concept layout
large windows
river views
asphalt parking
private deck

Building Details

Year built 1965
Floors in Building 2
Number of units 2
Flooring type Simulated wood
Building materials Stucco
Roof type Wood, Metal
Additional Structures Storage
Listing Agency: Fore Premier Properties
Listed By: Lisa McGehee · License #649099
Added: Mar 19 Changed: Sep 13 Last Checked: Sep 28 at 7:06PM
MLS# 122652

Copyright © 2026 Kerrville 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.

Investment Insights

Based on property information with market context.

This mixed-use property includes an approximately 2400 SF commercial building renovated with exposed wood beam ceilings, track lighting, updated flooring, large windows, and an open interior. The layout includes river views, asphalt parking, site improvements, and an accessible approach with ramp. A separate 600 SF remodeled casita provides a full kitchen, living area, bedroom, full bath with walk-in shower, and private deck facing the Guadalupe River.

The property occupies approximately 2.84 acres along Hwy 27 / Memorial Blvd in Kerrville, with Guadalupe River frontage and public water and sewer service. C-2 zoning and divisibility are supported by multiple structures and provide flexibility in configuring the site. The commercial building’s open layout is described for retail, office, restaurant, bar, art gallery, or event venue use, while the casita can accommodate rental, owner’s quarters, executive office, or live/work use.

Key Highlights

  • Approximately 2.84 acres with Guadalupe River frontage
  • Approximately 2400 SF renovated commercial building with open‑concept layout
  • Separate 600 SF remodeled riverfront casita with kitchen, bedroom, bath, and private deck

Property Analytics

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Current Use

Alex's Tacos Restaurant

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

209
Businesses Nearby

Demographics for 78028, TX

40,789
Population
19,285
Households
2.1
Avg Household Size
51
Median Age
32%
College-Educated
91%
High-School Grad
263.3 sq mi
ZIP Area
155
Density / Sq Mi
$65,486
Median Household Income
$35,884
Median Earnings
$1,097
Median Rent
$281,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - C-2 zoning, a renovated commercial building, and a separate riverfront casita support varied commercial configurations.
Where is this mixed-use property located?
The property is located at 2523 Memorial Blvd Kerrville, TX.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Approximately 2.84 acres with Guadalupe River frontage; Approximately 2400 SF renovated commercial building with open‑concept layout; Separate 600 SF remodeled riverfront casita with kitchen, bedroom, bath, and private deck
More about this property
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