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905 E Main St 7,521 SF 100% Leased Retail Building Fredericksburg, TX 78624 $6,223,871 CAD ($827.53 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic
- Income producing
EXECUTIVE SUMMARY
Prime Commercial Real Estate Opportunity in Historic Fredericksburg, Texas. Discover an exceptional investment opportunity with this versatile property encompassing multiple addresses along Main Street, totaling 7,521 SQ FT of leasable space on a generous 0.7288-acre lot zoned C-2. Situated in the heart of Fredericksburg, this prime location boasts high visibility with frontage on both Main Street and Franklin Street, ensuring maximum exposure for your business ventures. The property features a blend of established tenants, including the popular Jypsy Sisters retail store, which occupies the former site of the renowned Deluxe Cafe. With 4–5-year leases in place and terms structured as NNN, this investment promises steady cash flow. Financial details are available upon request with a signed NDA. Additional highlights include ample parking spaces to accommodate customers and tenants, and possible owner financing available to qualified buyers. More Information: https://www.adamccarroll.com/listings/905-e-main-st-fredericksburg-tx/
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
7,521 SF
Building Class
B
Year Built
1980
Price
$6,223,871 CAD
Price Per SF
$827.53 CAD
Cap Rate
5.50%
NOI
$342,313 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.73 AC
Zoning
C-2 - https://library.municode.com/TX/fredericksburg/codes/code_of_ordinances?nodeId=PTIICOOR_APXBZOOR_ENCL_S3.210CO
Parking
17 Spaces (2.26 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 30994 | Improvements Assessment | $373,239 CAD |
| Land Assessment | $1,423,764 CAD | Total Assessment | $1,057,457 CAD |
PROPERTY TAXES
Parcel Number
30994
Land Assessment
$1,423,764 CAD
Improvements Assessment
$373,239 CAD
Total Assessment
$1,057,457 CAD
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905 E Main St
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