Mixed-Use Building with Three
For Sale
$6,495,000
Pending
241 E Austin St, Fredericksburg, TX 78624
Commercial Sale, Fredericksburg, TX
Property Size6,461 SF
Lot Size0.43 Acres
Days on Market423
Property Features for 241 E Austin St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Subdivision
FBG Addition
Elementary school district
Fredericksburg
Middle school district
Fredericksburg
High school district
Fredericksburg
Standard status
Pending
Lot size
0.43 Acres
Taxes and HOA fees
Tax Annual Amount
21611
Amenities
elevator
fireplaces
fountains
covered seating area
serving bars
Listing Agency:
RE/MAX Town & Country · RE/MAX International
(830) 990-8708
Listed By:
Michael W. Starks · License #TREC#0489886
(830) 456-3532
Added: Jun 27, 2025
Changed: Aug 19
Last Checked: Aug 23 at 4:06PM
MLS# 98115
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 6,461-square-foot mixed-use property occupies a 0.43-acre corner lot at 241 E Austin St in Fredericksburg. The building includes a main dining room, private rooms, bar and reception areas, a mezzanine, balcony, elevator, office space, and a kitchen setup without appliances. Three patios extend the usable area outdoors, with features including fireplaces, fountains, serving bars, and covered seating. Eight restrooms serve the interior and patio areas.
The property is zoned CBD and sits across from the Convention and Visitors Bureau and the Nimitz Museum, with the Albert Hotel nearby. Formerly operated as Sage Restaurant, the building is configured for restaurant use while also offering spaces suitable for office, retail, tasting-room, and event functions. Stone walls create defined outdoor areas, and the building’s multiple rooms and separate bars support a range of commercial layouts.
The property is zoned CBD and sits across from the Convention and Visitors Bureau and the Nimitz Museum, with the Albert Hotel nearby. Formerly operated as Sage Restaurant, the building is configured for restaurant use while also offering spaces suitable for office, retail, tasting-room, and event functions. Stone walls create defined outdoor areas, and the building’s multiple rooms and separate bars support a range of commercial layouts.
Key Highlights
- 6,461‑square‑foot mixed‑use building on a 0.43‑acre corner lot
- CBD zoning in Fredericksburg’s Central Business District
- Three patios with fireplaces, fountains, serving bars, and covered seating
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CBD-zoned corner property with restaurant, office, and event-oriented improvements.
Where is this mixed-use property located?
The property is located at 241 E Austin St Fredericksburg, TX.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: 6,461‑square‑foot mixed‑use building on a 0.43‑acre corner lot; CBD zoning in Fredericksburg’s Central Business District; Three patios with fireplaces, fountains, serving bars, and covered seating
