1461 Us Highway 87 Fredericksburg, TX 78624
This exceptional 61,419.6 square foot commercial lot in Fredericksburg, Texas, presents a unique investment opportunity. Located at 1461 S US Hwy 87 in Gillespie County, zip code 78624, this property offers significant potential for various commercial ventures. The land is situated less than 1.5 miles from Fredericksburg's Main Street, providing excellent visibility and accessibility. The property includes a fully renovated 1903 historic rock home featuring two bedrooms and two bathrooms. This move-in ready building boasts granite countertops, hardwood and ceramic tile floors, new double-paned windows, custom doors with decorative glass insets, deluxe Kingwood cabinets, and stainless steel appliances. Extensive renovations completed in late 2020 included replacing all electric, plumbing, HVAC systems, and installing a new aerobic septic system. The home's bright and open layout, enhanced by natural light, makes it ideal for a variety of uses, including commercial office space, a bed and breakfast, retail establishment, or restaurant/bar. The property's size and location make it an attractive proposition for investors seeking a versatile and well-located commercial asset in a thriving Texas market. The asking price for this remarkable property is $950,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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