Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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- Lot area
- 2 ac
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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