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209 Cheatham Street - Cheatham Street Development Site 0.65 Acres of Commercial Land Offered at $1,325,440 CAD in San Marcos, TX 78666
INVESTMENT HIGHLIGHTS
- Seller Financing Option Creates lower barrier to entry and supports creative capital structures or phased development.
- Flexible Development Potential Suitable for row homes, townhomes, mixed-use shopfront, boutique multifamily, or fee-simple resale product.
- Rare Opportunity in Rapidly Redeveloping District Located in the heart of South Square- an active infill corridor with strong demand.
- Prime Exposure in the South Square District High visibility at Cheatham & McKie with ~150' street frontage, curb access, and strong traffic.
- Walkable Urban Location Steps from local restaurants, nightlife, and walking distance to Downtown San Marcos, Texas State University, and the River.
- Two Contiguous Parcels Totaling ±0.65 Acres CD-5D zoning allows a wide range of urban mixed-use, residential, and commercial development options.
EXECUTIVE SUMMARY
Combined site area: ~0.65 acres (~28,300 sq ft)
Prominent visibility on Cheatham & McKie with over 150 feet of road frontage and curb access
City water, wastewater and electric available; flat topography reduces site prep
Recent survey included in due diligence;
Seller financing available
Development Potential
The CD-5D zoning and contiguous site footprint provide flexibility to pursue a variety of fee-simple or rental development strategies including:
Townhomes (fee-simple for resale)- multi-story, owner-occupied urban homes that can be sold individually; attractive for developers pursuing a resale strategy with strong buyer demand in walkable neighborhoods.
Live-work- ground-floor commercial or flexible studios with residential above.
Multifamily - adaptable rental units targeting long-term income.
Mixed Use / Shopfront- adaptable uses that leverage pedestrian traffic and proximity to restaurants, nightlife, and the river.
Because the parcels are contiguous, investors can use a unified site plan that consolidates parking, utilities, access, and circulation across both lots- increasing design flexibility, phased development, and shared infrastructure.
Location & Market Context
~½ mile from the San Marcos Square, ~1 mile from Texas State University, and close to the San Marcos River
Situated in South Square, a dynamic redevelopment area featuring new restaurants, nightlife, and creative commercial concepts
Quick access to I-35 and Highway 123, placing Austin and San Antonio within 45 minutes
Investment Summary
209 & 215 Cheatham Street deliver a rare combination of location, zoning flexibility, and immediate development readiness. The property offers multiple revenue models- from resale of fee-simple units to rental income from multifamily or live-work units- and is positioned in a high-demand urban corridor poised for continued appreciation.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,325,440 CAD | Lot Size | 0.65 AC |
| Price Per AC | $2,039,138.48 CAD |
| Price | $1,325,440 CAD |
| Price Per AC | $2,039,138.48 CAD |
| Lot Size | 0.65 AC |
Two Lots Sold Together 209 & 215 Cheatham Street. Commercial site totaling ±0.65 acres at Cheatham & McKie Streets in San Marcos’ South Square District. Flat, partially wooded terrain with frontage, paved private access, and city utilities at street.
DESCRIPTION
Prime infill development opportunity in San Marcos’ South Square District—an emerging hub of dining, music, and mixed-use growth steps from downtown and the river. The combined 0.65-acre site at 209 & 215 Cheatham Street occupies a strategic position where McKie Street meets Cheatham, providing frontage, visibility, and easy access. Parcels are flat, mostly cleared, paved access, and storm-drain infrastructure in place. City water, wastewater, and electric are available at the street. Zoning / Use Flexibility Designated CD-5D (Downtown Character District), the property allows for a broad mix of residential and commercial uses — including multifamily (up to 24 units), mixed-use retail/residential, restaurant or bar, boutique hotel, and creative office. 100 percent impervious coverage is permitted, supporting efficient footprint design and maximizing buildable area. Investment Appeal Combined ±0.65 acres of developable land with minimal prep required Infrastructure and utilities reduce upfront costs High-visibility location in an appreciating downtown corridor Walkable to popular venues (Patio Dolcetto, Triple Six Social, The Davenport) ½ mile to Downtown Square, 1 mile to Texas State University, ? mile to San Marcos River Quick connection to I-35 and Highway 123 for regional access Seller financing available For developers and investors seeking a compact, ready-to-build site within a growing Central Texas market, 209 & 215 Cheatham Street deliver excellent fundamentals: infill location, flexible zoning, infrastructure in place, and strong long-term appreciation potential. Ideal for boutique multi-family, mixed-use, or hospitality projects leveraging the energy of San Marcos’ next downtown district.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $254,467 CAD | Total Assessment | $254,467 CAD |
PROPERTY TAXES
Presented by
Front Perch Realty Group
209 Cheatham Street - Cheatham Street Development Site
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