321 Royal St Salado, TX 76571

Property Details for 321 Royal St

Lot size

2.00 lot acres

Property type

Commercial real estate

Description

This exceptional 2-acre commercial property is located in the heart of historic downtown Salado, Texas, offering a unique blend of prime location and immediate income potential. Currently featuring two fully-leased residential units, this property provides a steady revenue stream while presenting endless possibilities for future development. Its central downtown location places it steps away from popular attractions like the Salado Glassworks and Stagecoach Inn, ensuring high visibility and strong foot traffic. The property's strategic position, just minutes from I-35, provides easy access to Austin, Georgetown, and Temple/Belton, attracting both local and regional clientele. Salado's thriving market, fueled by new residential developments and increased tourism, makes this a prime investment opportunity. The property's 2 acres offer ample space for a restaurant, boutique retail, or a mixed-use project that complements Salado's vibrant downtown atmosphere. The golf cart-friendly community further enhances accessibility and contributes to the property's year-round appeal. This is a rare chance to acquire a high-traffic, high-visibility property in a rapidly growing Texas town with a rich history and charming small-town character. The combination of immediate income and significant growth potential makes this an exceptional investment opportunity. The asking price is $865,000. The property is zoned for commercial, residential, and restaurant uses. The address is 321 Royal Street, Salado, TX 76571.