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    515 Highway St Fredericksburg, TX 78624

    For Sale
    $2,850,000

    High-traffic location, multi-use building, 22,000 sq ft

    Property size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial property, located at 515 E Highway St., Fredericksburg, TX 78624, presents a unique investment opportunity. Situated on a substantial 1.7-acre lot (77,101.2 sq ft) zoned C2 within Fredericksburg city limits, this multi-use building boasts a total of over 22,000 square feet of space. The property features approximately 15,575 square feet on the ground floor and an additional approximately 6,450 square feet upstairs. Currently housing a diverse range of businesses including a Mexican restaurant, Mexican grocery store, hair salon, landscaping company, automotive repair shop, and sports bar, this property offers significant income potential. Ample parking is provided by a carport/storage shed with 16 spaces and a detached garage with 6 spaces and additional storage. The property's prime location on Highway St., near Highway 87 S, ensures high visibility and accessibility. The large lot offers potential for future development and expansion, providing further opportunities to enhance the property's value and income stream. This is a rare chance to acquire a substantial commercial property in a thriving Texas Hill Country town.

    Property Features for 515 Highway St

    General Information

    Property type
    Land
    Square Feet
    22,000 SF

    HighLights

    • Exceptional 22,000+ SF multi‑use building on a 1.7‑acre lot in Fredericksburg, TX.
    • Located at 515 E Highway St., zoned C2, offering high visibility and accessibility.
    • Features approximately 15,575 SF of ground floor space and 6,450 SF upstairs, currently housing multiple businesses.
    • Ample parking with a 16‑space carport/storage shed and a 6‑space detached garage.
    • Significant income potential with opportunity for future development and expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    quality transmission & auto ... Auto Repair Shop Red Baron's Bar Mi Plaza Grocery Store Sparks Cuisine Restaurant Touch of Class Car Detailing Service

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.8697897
    Latitude
    30.2615719

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    FAQs

    What type of property is this?
    Land - High-traffic location, multi-use building, 22,000 sq ft
    Where is this land located?
    The property is located at 515 Highway St Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: Exceptional 22,000+ SF multi-use building on a 1.7-acre lot in Fredericksburg, TX.; Located at 515 E Highway St., zoned C2, offering high visibility and accessibility.; Features approximately 15,575 SF of ground floor space and 6,450 SF upstairs, currently housing multiple businesses.
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    Fredericksburg, TX 78624
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Highway St Fredericksburg, TX 78624
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