Historic Retail and Office
For Sale
$1,250,000
209 S Main St, Salado, TX 76571
Historic 1800s building with income-generating leases, dedicated suite entrances, and city-sewer service.
Property Size3,295 SF
Lot Size0.57 Acres
Price / SF$379.36
Days on Market11
Property Features for 209 S Main St
General Information
Standard status
Active
Size
3,295 SF
Lot size
0.57 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
covered porches
covered deck
gazebo deck
stone walkway
concrete patio
dedicated parking
Building Details
Building Size
3,295 SF
Year Built
1987
Tenancy
Multi
Listing Agency:
RMTS, Inc d/b/a RE/MAX Towne Square
(512) 994-6949
Listed By:
Arion Crenshaw
(512) 994-6949
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 3 at 11:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RMTS, Inc d/b/a RE/MAX Towne Square
Investment Insights
Based on property information with market context.
The Union on Main is a historic 1800s property known as the Old Davis Mill and designated as Historic Salado Site 18. The building contains office and retail space with multiple suites, including each suite having its own dedicated entrance, while the lower level opens into itself for flexible use within the same footprint. Updates include newer siding, a freshly painted exterior, updated HVAC systems, and service on city sewer. Outdoor amenities include covered porches, a covered deck, a gazebo deck, and a concrete patio, with dedicated parking, plus storage and utility space.
The property is positioned directly on Main Street in the Historic Village of Salado and includes approximately +/- 100 feet of private Salado Creek frontage. It sits on 0.57 acres and is located just across the creek from Barrow Brewing.
The available configuration totals 3,295 sq ft of office and retail space, supported by additional storage and utility space.
The property is positioned directly on Main Street in the Historic Village of Salado and includes approximately +/- 100 feet of private Salado Creek frontage. It sits on 0.57 acres and is located just across the creek from Barrow Brewing.
The available configuration totals 3,295 sq ft of office and retail space, supported by additional storage and utility space.
Key Highlights
- 1987‑built historic 1800s landmark known as the Old Davis Mill and Historic Salado Site 18
- 3,295 SF office and retail space on 0.57 acres in the Historic Village of Salado
- Income‑generating leases with a diversified tenant mix (boutique, salon, office, massage) with rent escalations built in
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.2k | $30.72 |
| − Vacancy | −$27.7k | −$8.42 |
| EGI | $73.5k | $22.30 |
| − OpEx | −$18.4k | −$5.58 |
| NOI | $55.1k | $16.73 |
3,295 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Apartment 5plus
$33.71M
$29.50M – $39.33M
NOI $2,359,636 @ 7.0% cap · market cap 188.77%
Second Best
Office B
$787.4K
$689.0K – $918.6K
NOI $55,116 @ 7.0% cap · market cap 4.41%
Theoretical Best
Multifamily LT 5
$36.78M
$32.19M – $42.91M
NOI $2,574,884 @ 7.0% cap · market cap 205.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 76571, TX
8,937
Population
3,742
Households
2.4
Avg Household Size
45
Median Age
41%
College-Educated
94%
High-School Grad
125.0 sq mi
ZIP Area
71
Density / Sq Mi
$103,341
Median Household Income
$55,545
Median Earnings
$1,172
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Historic 1800s building with income-generating leases, dedicated suite entrances, and city-sewer service.
Where is this retail space located?
The property is located at 209 S Main St Salado, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1987‑built historic 1800s landmark known as the Old Davis Mill and Historic Salado Site 18; 3,295 SF office and retail space on 0.57 acres in the Historic Village of Salado; Income‑generating leases with a diversified tenant mix (boutique, salon, office, massage) with rent escalations built in
