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425 E Main St 9,234 SF 100% Leased Retail Building Fredericksburg, TX 78624 $12,950,000 ($1,402.43/SF) 5.79% Cap Rate
Executive Summary
One of a kind fully renovated multi tenant legacy Main Street asset. With National Tenants as well as locally operated proven and popular food, wine, champaign, entertainment, hosting operations in place. Occupying an entire block on Main Street in Downtown Fredricksburg, Texas in the heart of tourism and entertainment. Located one block from 87 & Main, the primary entrance to downtown Fredricksburg, this over 9000 square foot development has been fully renovated with no expense spared. The current owner has secured leases and deals with Tesla as well as Waldorff Astoria. In addition local and popular tenants: Six Twists, Ocotillo and The Harvey have secured leases in place. The development also boast a freshly renovated luxary apartment over looking the creek and downtown with a one year secured lease in place. The owner has left the Main Street fronting storefront available for a potential owner occupancy and venture of their own, although it could quickly be leased as it is in high demand due to quality build out and prime location. in addition there is a separate vacant building at the rear of the property that can be renovated and leased fairly easy, offering the potential of a 8th tenant/revenue source. This property is one of a kind and a true Legacy asset. Call me directly today for more details 210.383.0007
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,234 SF
Year Built
1995
Price
$12,950,000
Price Per SF
$1,402.43
Cap Rate
5.79%
NOI
$750,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.90 AC
Zoning
CBD - Central Business District
Parking
16 Spaces (1.73 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17084 | Improvements Assessment | $4,073,800 |
| Land Assessment | $1,674,010 | Total Assessment | $4,413,848 |
Property Taxes
Parcel Number
17084
Land Assessment
$1,674,010
Improvements Assessment
$4,073,800
Total Assessment
$4,413,848
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425 E Main St
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