209 Cheatham St San Marcos, TX 78666

Located in the heart of San Marcos’ rapidly growing South Square District, this approximately 0.65-acre infill development site at 209 & 215 Cheatham Street offers exceptional flexibility and visibility. The property is zoned CD-5D (Downtown Character District), one of the city’s most versatile mixed-use designations, supporting higher-density residential, live-work, retail, hospitality, and mixed-use development. Developers can pursue either a fee-simple resale or rental-income strategy, with zoning allowing up to 24 units per acre for townhomes, multifamily, boutique commercial, or shopfront mixed-use concepts in a walkable urban setting. The site provides over 150 feet of frontage at Cheatham & McKie, with city water, wastewater, and electric available at the street. The parcels are positioned side-by-side, allowing investors to design a unified site plan that consolidates parking, utilities, and circulation for greater efficiency, phased development, or shared infrastructure. The location is just approximately 0.5 miles to Downtown San Marcos, 1 mile to Texas State University, and walking distance to local venues including Patio Dolcetto, Triple Six Social, and The Davenport. The San Marcos River is only blocks away, with connectivity to Austin and San Antonio via I-35 and Highway 123. Seller financing is available. A recent survey is included.