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Hopkins Street Mixed Use 715 W Hopkins St 4,814 SF 30% Leased Retail Building San Marcos, TX 78666 $1,750,000 ($363.52/SF)



Investment Highlights
- Strong Demand - SMTX embodies a steady influx of students & faculty and a lively environment
- Downtown San Marcos - The property is within walking distance of downtown San Marcos, offering easy access to local eateries, shopping & nightlife
- Updates - 5 brand new HVAC systems and Suites 102-105 completely renovated
- Upside Potential - The growing market and proximity to Texas State University present opportunities to increase rents and/or improve cash flow
- Growing Market - San Marcos is part of the rapidly expanding Austin-SanAntonio corridor, one of the fastest-growing regions in Texas
Executive Summary
ZONED MIXED USE. This versatile commercial property, on almost an acre, offers exceptional potential for a variety of business uses. Previously home to both a dental office and a daycare, the space is zoned for mixed-use intended to "provide for a mixture of retail, office and residential uses in close proximity to enable people to live, work and purchase necessities in a single location." Applicable uses include but are not limited to: loft apartments, restaurant, grocery store, medical, office, professional, retail, assisted living facility, B&B, SF Townhouse, art studio, day spa, community store and more! (Per Land Use Matrix Section 9.3.1.2). This mid-century styled building offers a white-boxed interior which provides a blank canvas for your business vision. Whether you're looking to establish a storefront, office, or another commercial endeavor, this property’s flexible layout and prominent location on Hopkins Street offer a high-traffic presence with plenty of opportunities for growth. Building 1 (3,362 square feet) + Building 2 (1452 square feet). Building 2 is currently leased and cash flowing. Suites 101 - 105 are currently listing for Lease (NNN).
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,814 SF
Building Class
B
Year Built
1970
Price
$1,750,000
Price Per SF
$363.52
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.93 AC
Zoning
Mixed-Use - The intention is to provide for a mixture of retail, office and residential uses in close proximity to enable people to live, work and shop
Parking
26 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
156’ on HOPKINS ST
Amenities
- 24 Hour Access
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- First Steps Big Dreams
- Educational Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| First Steps Big Dreams | Educational Services | 99,999 SF | - | Lorem Ipsum | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R27370 | Total Assessment | $910,590 (2025) |
| Land Assessment | $587,450 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $323,140 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
R27370
Land Assessment
$587,450 (2025)
Improvements Assessment
$323,140 (2025)
Total Assessment
$910,590 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Hopkins Street Mixed Use | 715 W Hopkins St
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