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Hotel Property with Restaurant Improvements
For Sale
$8,000,000

803 E Main St, Fredericksburg, TX 78624

Commercial Sale, Fredericksburg, TX

Property SizeContact for details
Lot Size2.58 Acres
Days on Market64

Property Features for 803 E Main St

General Information

Property type Commercial Sale
Property subtype Other
Zoning C-2
Subdivision South Heights
Elementary school district Fredericksburg
Middle school district Fredericksburg
High school district Fredericksburg
Standard status Active
Lot size 2.58 Acres

Taxes and HOA fees

Tax Annual Amount 64107
Listing Agency: Pipkin Investments
Listed By: Matthew Pipkin
Added: Jul 9 Changed: Aug 19 Last Checked: Sep 10 at 9:06PM
MLS# 104947

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 2.578-acre C-2-zoned property in Fredericksburg includes the former Azure Hills Inn, with 28 guest rooms and space for additional keys. The site also contains the former Navajo Grill, a 6,766 sf restaurant and retail complex, creating a combined lodging, dining, and retail offering.

Located at 803 E Main St, the property sits between the 290 Wine Corridor and historic downtown Fredericksburg. Gillespie County attracts 2.1 million tourists annually, providing established visitor activity around the site. The property’s existing improvements support continued consideration of hospitality, restaurant, and retail uses.

Key Highlights

  • 2.578‑acre site at 803 E Main St, Fredericksburg, TX 78624
  • Former Azure Hills Inn includes 28 rooms with space for additional keys
  • Former Navajo Grill includes a 6,766 sf restaurant and retail complex

Property Analytics

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Current Use

Hotels

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Accounting Firm Parking Lot & Garage Daycare Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

506
Businesses Nearby

Demographics for 78624, TX

23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - C-2-zoned site combines former lodging improvements with an on-site restaurant and retail complex in Fredericksburg.
Where is this hotel located?
The property is located at 803 E Main St Fredericksburg, TX.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 2.578‑acre site at 803 E Main St, Fredericksburg, TX 78624; Former Azure Hills Inn includes 28 rooms with space for additional keys; Former Navajo Grill includes a 6,766 sf restaurant and retail complex
More about this property
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