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803 E Main St 18,236 SF Retail Building Fredericksburg, TX 78624 $8,000,000 ($438.69/SF)
Investment Highlights
- 28 room motel with space to add additional keys
- Beautiful pecan grove
- 6,766 SF of existing restaurant and retail space
Executive Summary
This exciting redevelopment project on Main Street in Fredericksburg, TX is a rare opportunity to capitalize on the Hill Country's vibrant wine, culinary, and tourism scene. The 2.578 acre site includes the former Azure Hills Inn and Navajo Grill and is an unprecedented opportunity to cater to visitors and locals alike. With 2.1 million tourists visiting Gillespie County annually, the potential for dining and accommodation located between the 290 Wine Corridor and the charm of historic downtown is unmatched.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
18,236 SF
Year Built
1950
Price
$8,000,000
Price Per SF
$438.69
Tenancy
Single
Building Height
2 Stories
Building FAR
0.16
Lot Size
2.58 AC
Zoning
C2
Parking
63 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Courtyard
- Restaurant
- Tenant Controlled HVAC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21366 | Improvements Assessment | $1,539,910 |
| Land Assessment | $2,250,000 | Total Assessment | $3,789,910 |
Property Taxes
Parcel Number
21366
Land Assessment
$2,250,000
Improvements Assessment
$1,539,910
Total Assessment
$3,789,910
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803 E Main St
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