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Mixed-Use Property on Highway 87
For Sale
$2,650,000

702 S Washington St, Fredericksburg, TX 78624

C-2-zoned site with existing buildings and partially approved strip-center plans conveying with the sale.

Property SizeContact for details
Days on Market194

Property Features for 702 S Washington St

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $16,677
Listing Agency: Reata Ranch Realty, LLC
Listed By: Michele Smith · License #TX9002241
Source: Kellyjogonzalez
Added: Mar 28 Changed: Oct 5 Last Checked: Oct 6 at 12:36AM

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 Reata Ranch Realty, LLC

Investment Insights

Based on property information with market context.

This mixed-use property at 702 S Washington St includes existing buildings constructed in 1970 and encompasses 11,700 square feet. The buildings are being sold as is, with no representation regarding their current condition. Partially approved strip-center plans convey with the property. Zoning is C-2, and buyers should verify permitted uses and development requirements.

The site fronts South Washington Street, identified as US Highway 87, and is minutes from Main Street and Fredericksburg’s central business district. The surrounding area includes residential neighborhoods, lodging, and local businesses, while nearby U.S. Highway 290 provides regional connectivity between Austin, San Antonio, and the Texas Hill Country. Reported traffic volumes range from 7,000 to 10,000 vehicles per day along the highway corridor, with an additional nearby collector route carrying approximately 2,000 to 7,000 vehicles per day.

Key Highlights

  • 11,700‑square‑foot mixed‑use property at 702 S Washington St
  • C‑2 zoning; buyers to verify permitted uses and development requirements
  • Existing buildings constructed in 1970 and conveyed as is

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Home Appliance Store Daycare Center Florist Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

782
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - C-2-zoned site with existing buildings and partially approved strip-center plans conveying with the sale.
Where is this mixed-use property located?
The property is located at 702 S Washington St Fredericksburg, TX.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 11,700‑square‑foot mixed‑use property at 702 S Washington St; C‑2 zoning; buyers to verify permitted uses and development requirements; Existing buildings constructed in 1970 and conveyed as is
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