331 W Hopkins St San Marcos, TX 78666

Property Details for 331 W Hopkins St

Lot size

0.53 lot acres

Property size

1,518 SF

Property type

Commercial real estate

APN

R32194

APU

R32194

Description

This exceptional value-add opportunity presents a 6,750 square foot shopping center in San Marcos, Texas. Located at 331 W Hopkins St, this single-story, 1980-built Class B property sits on a 0.53-acre lot and is currently 100% occupied by a diverse mix of service-oriented tenants. The property benefits from its prime location, just blocks from Texas State University's 40,000+ student campus and the downtown square, within a rapidly growing corridor. Current rents are significantly below market, presenting an immediate opportunity to increase income by approximately 25%. The strong local market boasts 99% retail occupancy and a 5-year average annual rent growth of 4.5%. The property's CD SD zoning allows for flexibility. This below-replacement-cost asset in a high-barrier-to-entry submarket offers a compelling investment with significant upside potential for a short-term hold. The property's location in one of the fastest-growing areas in the United States ensures strong long-term prospects. This fully leased retail center provides a rare chance to capitalize on a thriving market and a significant mark-to-market opportunity. The property's proximity to Texas State University guarantees a consistent stream of potential customers. This is an ideal investment for those seeking a value-add opportunity with immediate returns and strong future growth potential.