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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
- Current Rental Income with additional lease-up opportunities
- 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
**Income-Producing Mixed-Use Investment Opportunity** Exceptional opportunity to acquire a partially leased, income-producing commercial property on nearly one acre along highly visible Hopkins Street in San Marcos. This versatile investment consists of two buildings totaling 4,814 square feet, offering immediate cash flow with additional upside through the lease-up of the remaining available space. Building 1 (3,362 SF) is partially leased, with the remaining suites actively marketed for lease, creating the opportunity to increase occupancy and future income. Building 2 (1,452 SF) is fully leased, providing established rental revenue from day one. Zoned Mixed Use, the property offers exceptional flexibility for a variety of commercial and residential uses, supporting long-term investment value. The available suites feature a mostly white-box interior, allowing for efficient tenant finish-out and broad leasing appeal. Positioned on one of San Marcos' primary commercial corridors, the property benefits from excellent visibility, strong traffic counts, ample parking, and convenient access to IH-35, Texas State University, downtown San Marcos, and the area's continued residential and commercial growth. Whether you're expanding your commercial portfolio, completing a 1031 exchange, or seeking an investment with both current income and future upside, this property offers the rare combination of existing cash flow, leasing potential, and long-term appreciation.
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
- -
- Martinez Insurance Agency
- Finance and Insurance
-
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 | - | |
| Martinez Insurance Agency | Finance and Insurance | 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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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Hopkins Street Mixed Use | 715 W Hopkins St
