231 #200 Earl Garrett St Kerrville, TX 78028
This exceptional 1,114 square foot commercial condo, located at 231 Earl Garrett Street #200 in Kerrville, Texas, presents a unique investment opportunity. Situated in the heart of Kerrville's historic downtown district, this property boasts a prime location with high foot and vehicle traffic, and convenient street parking. The unit, designated Condo 4-A within the Earl Garrett Commercial Condominiums, is currently occupied by a tenant. Built in 1905, this creative/executive/traditional office space features a desirable upper-level location and includes a spacious 250 square foot covered balcony overlooking the street, perfect for enjoying downtown events. The property sits on a 0.17-acre lot and is zoned C3/DOWNTOWN HISTORIC, allowing for both commercial and residential use. The asking price is $125,000, with 80%-90% seller financing available. This presents a rare chance to acquire a thriving business space in a vibrant and historic Texas town. The property's central location ensures excellent visibility and accessibility, making it an ideal investment for both short-term and long-term growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.