River St Seguin, TX 78155

Property Details for River St

Year built

1920

Lot size

0.31 lot acres

Property type

Commercial real estate

Description

This stunning 5-story building, originally the Park Plaza Hotel, presents a unique investment opportunity in the heart of historic downtown Seguin, Texas. Designed in 1917 by renowned Texan architect Leo M.J. Dielmann, this architectural gem underwent renovations in 2015, transforming it into a thriving mixed-use property. The building currently boasts a high multi-tenant occupancy rate, with diverse spaces catering to various business needs. Suite sizes range from 150 to approximately 350 square feet, offering flexibility for a variety of tenants. A significant asset is the expansive 4,000 square foot restaurant space, complete with a fully equipped kitchen and bar area. This space presents a lucrative opportunity for a food and beverage operator or could be repurposed to suit other commercial needs. The property sits on a 0.31-acre lot and offers significant potential for future growth and development. Its historical significance opens doors to advantageous historic renovation tax credits and eligibility for city and downtown historic grants, further enhancing its investment appeal. This is a rare chance to acquire a landmark property with strong rental income and substantial upside potential in a vibrant and growing Texas community. The asking price is $4,400,000.

Location Insight

City

Seguin

County

Guadalupe

State

Texas

Longitude

-97.9638

Latitude

29.5674