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124 N Lbj Dr
San Marcos, TX 78666
Retail Property For Sale
Executive Summary
A rare opportunity to acquire a storied downtown San Marcos commercial building with deep roots in the Texas State University entertainment corridor. Located on The Square at 124 N LBJ Drive, this 2,640 SF freestanding commercial property, home to The Green Parrot Bar since 1984, is offered for sale as part of a bankruptcy proceeding, presenting investors and owner-operators with compelling below-market acquisition potential. The building sits within San Marcos' Central Business Area under T-5 (Urban Center) transect zoning, one of the most permissive commercial designations in the city. Buyers benefit from relaxed parking requirements, broad use flexibility, and by-right eligibility for on-premise alcohol consumption — critical advantages for food, beverage, and entertainment concepts.
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,316 SF
Building Class
B
Year Built
1830
Price
$482,125 CAD
Price Per SF
$208.17 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.66
Lot Size
0.08 AC
Frontage
21’ on N Lbj Dr
Property Taxes
| Parcel Number | R41486 | Improvements Assessment | $284,592 CAD |
| Land Assessment | $201,542 CAD | Total Assessment | $486,134 CAD |
Property Taxes
Parcel Number
R41486
Land Assessment
$201,542 CAD
Improvements Assessment
$284,592 CAD
Total Assessment
$486,134 CAD
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