301 Adams St Fredericksburg, TX 78624
This exceptional $799,000 mixed-use property in Fredericksburg, Texas, presents a compelling investment opportunity. Located in the Central Business District, just 1,000 feet from Main Street and Marketplatz, this 1,793 square foot property boasts a prime location within a thriving tourism and business hub. Built in 1945, the property comprises three buildings on a 0.33-acre lot and is zoned CBD, allowing for diverse uses including retail, restaurant, office space, or short-term rentals. The main building, spanning 1,601 square feet, features two bedrooms and an open-concept layout perfect for adaptation to various commercial needs. A separate 192 square foot guest house and an 896 square foot garage offer additional flexibility for business operations or rental income. Separate staff quarters with a private entrance, kitchen, and bath provide further versatility, ideal for on-site housing or additional rental space. This historically charming property offers a unique blend of character and potential, making it an ideal investment for entrepreneurs seeking a high-traffic location in a rapidly growing market. The property's affordability, combined with its prime location and flexible zoning, makes it an exceptional value proposition.
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
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