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6550 S State Hwy 16 Fredericksburg TX

$425,000

Property Details

  • Price:$425,000
  • Listing Id:78064
  • Acres:1
  • County:Gillespie
  • Address:State Hwy 16
  • City:Fredericksburg
  • State:TX
  • Zip:78624
  • Status:Available
  • Type:Commercial

Property Description

Ideal Commercial property conveniently located 6.5 miles south of Fredericksburg on your way to Kerrville. Property has 2 TX DOT approved entrances and ~680 feet of frontage off State Highway 16. Property currently has below market rent to owner and produces ~5% CAP rate after taxes, insurance, and utilities. Reasonable rent adjustments for new owner could produce a CAP rate of +6.3%. New owner could use property for their small business or continue to rent it as a cash flow generation. Great location, diversity of improvements, and adjustable income driving property make this a rare find!!

Primary Features

  • Construction:Other,Steel Siding,Historic Rock
  • County:Gillespie
  • Foundation:Combination
  • Parking:Gravel Lot
  • Property Type:Commercial Sale
  • Sale Includes:Building & Land
  • Zoning:None

Additional

  • Approximate SqFt:Office Under 2500 SqFt,Warehouse Under 5000 SqFt
  • Approximate Tract Size/Acreage:1.39
  • Estimated Year Built:Other
  • Source SqFt:GCAD
  • Topography:Level,Flood Plain
  • Type of Property:Professional/Office,Rural Commercial,Warehouse,Commercial

External Features

  • Fence:Perimeter,Game Fence
    • Roof:Metal,Standing Seam

    Interior Features

    • Heating/A/C:Central Electric A/C,Central Electric Heat
      • Utilities:Septic System on Property,CTEC/Electric,Private Well on Property

      Financial Details

      • Seller's Estimated Tax:4899.00

        State Hwy 16 Fredericksburg TX 78624





        The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Central Hill Country Board of REALTORS® Multiple Listing Service (CHCBRMLS). The CHCBR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2020 Central Hill Country Board of REALTORS®. All rights reserved.