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$2,850,000
Est. payment /mo
11,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,700 sqft
Price per Sqft $243
Subdivision G E Co #50
MLS Listing ID 5684016
Year Built 1992
Annual Tax Amount $16,677
Tax Year 2025
Lot Size 1.951 Acres
Acres 1.951
Property Sub-Type Mixed Use
Source actris
Property Description
Prime commercial investment opportunity in the heart of Fredericksburg, Texas. Situated at 702 S. Washington Street (State Highway 87), this property offers exceptional visibility and access along a high-traffic corridor just minutes from Fredericksburg's historic Main Street, a premier destination in the Texas Hill Country. Fredericksburg's robust tourism economy, anchored by its renowned wineries, hospitality sector, and vibrant downtown, drives consistent year-round visitor traffic and supports strong commercial demand. The site benefits from direct frontage on SH 87 with convenient access to U.S. Highway 290, connecting Austin, San Antonio, and the Hill Country wine region.
According to Texas Department of Transportation (TxDOT) data, S. Washington Street experiences approximately 7,000–10,000 vehicles per day, providing excellent exposure. Nearby Highway Street supports additional traffic of 2,000–7,000 vehicles daily, reinforcing steady local circulation and accessibility.
Surrounded by established residential neighborhoods, lodging properties, and local businesses, the property benefits from a dynamic mix of local consumer base and tourism-driven activity. Continued population growth and sustained visitor demand position Fredericksburg as one of the strongest small-market investment environments in Texas.
Key Highlights
• Prime frontage on S. Washington Street (SH 87)
• High visibility with strong daily traffic counts
• Proximity to Main Street retail, dining, and wineries
• Located in a high-demand, tourism-driven market
• Flexible commercial potential (buyer to verify zoning and uses)
• Partially approved strip center plans convey with sale
• Improvements offered “as-is”
Ideal for retail, office, hospitality, or redevelopment, this offering presents a rare opportunity to acquire a strategically located asset in one of the most desirable commercial corridors in the Texas Hill Country.
According to Texas Department of Transportation (TxDOT) data, S. Washington Street experiences approximately 7,000–10,000 vehicles per day, providing excellent exposure. Nearby Highway Street supports additional traffic of 2,000–7,000 vehicles daily, reinforcing steady local circulation and accessibility.
Surrounded by established residential neighborhoods, lodging properties, and local businesses, the property benefits from a dynamic mix of local consumer base and tourism-driven activity. Continued population growth and sustained visitor demand position Fredericksburg as one of the strongest small-market investment environments in Texas.
Key Highlights
• Prime frontage on S. Washington Street (SH 87)
• High visibility with strong daily traffic counts
• Proximity to Main Street retail, dining, and wineries
• Located in a high-demand, tourism-driven market
• Flexible commercial potential (buyer to verify zoning and uses)
• Partially approved strip center plans convey with sale
• Improvements offered “as-is”
Ideal for retail, office, hospitality, or redevelopment, this offering presents a rare opportunity to acquire a strategically located asset in one of the most desirable commercial corridors in the Texas Hill Country.
Location
State TX
County Gillespie
Zoning C-2
Interior
Heating None
Cooling None
Flooring See Remarks
Fireplace No
Exterior
Utilities Available Electricity Available, Water Connected
Building
Foundation Slab
Sewer See Remarks, Public Sewer
Water Public
Structure Type See Remarks
New Construction No
Others
Special Listing Condition Standard
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Listed by Reata Ranch Realty, LLC
NEARBY SCHOOL & BUSINESS
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Sylvia Crystal Ortega
Private Real Estate Consultant | License ID: 820798
Private Real Estate Consultant License ID: 820798