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Partially Finished City Lot
For Sale
$199,000

1415 North Milam Street Unit 3FR, Fredericksburg, TX 78624

Build on a 0.256-acre city lot with a 384-sq-ft partially finished living space and a storage building.

Property SizeContact for details
Days on Market235

Property Features for 1415 North Milam Street Unit 3FR

General Information

Standard status Active
Property subtype Land / City Lots
Zoning R-1

Amenities

Wood, Partial, Other
Listing Agency: Keller Williams Gillespie Realty Group
Listed By: Jennifer Traver · License #TREC# 0677074
Source: Compass
Added: Dec 19, 2025 Changed: Aug 8 Last Checked: Mar 25 at 5:32PM

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 Keller Williams Gillespie Realty Group

Investment Insights

Based on property information with market context.

This offering is a city lot totaling 0.256 acres with improvements already in place. The property includes a 384 square foot partially finished living space that is waiting to be completed, along with a storage building. The unfinished interior features a vaulted ceiling with wood beams, electric service, and a wall unit.

The lot is described as being on the edge of town, while also less than a mile to Main Street. The provided remarks indicate that adding a bathroom could support use as a guest unit or home office, and the remaining lot could be used to build additional housing.

The property is presented as a flexible development site with existing shell improvements, offering buyers the ability to complete the living area to their specifications and plan the overall layout on the remainder of the lot.

Key Highlights

  • 0.256‑acre city lot on the edge of town, less than a mile to Main Street
  • 384 sq ft partially finished living space already on the property, ready to be completed
  • Partially finished space features a vaulted ceiling with wood beams, plus electric and wall unit

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Auto Repair Shop Law Firm HVAC Service Real Estate Agency

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

165
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Build on a 0.256-acre city lot with a 384-sq-ft partially finished living space and a storage building.
Where is this residential land & home lot located?
The property is located at 1415 North Milam Street Unit 3FR Fredericksburg, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 0.256‑acre city lot on the edge of town, less than a mile to Main Street; 384 sq ft partially finished living space already on the property, ready to be completed; Partially finished space features a vaulted ceiling with wood beams, plus electric and wall unit
More about this property
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