140 S Fredericksburg St San Marcos, TX $ 3,600,000
140 S Fredericksburg St
$ 3,600,000
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140 S Fredericksburg St

San Marcos, TX, 78666
$ 3,600,000
Baths0.0 Sq 11,124

Monthly Estimate*

$ 23,927

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Studio

Commercial Property for sale in San Marcos, TX

for $3,600,000. This 11,124 square foot building was built in 2020 on a lot size of 0.3.

Nestled in the heart of the vibrant San Marcos community, this multifamily rental property presents an exceptional opportunity for seasoned investors and newcomers alike. With its prime location, modern amenities, attractive features and year built of 2019, "R Squared" offers the perfect blend of comfort, convenience, and investment potential. Each unit is thoughtfully designed to provide residents with a comfortable and contemporary living experience. From spacious floor plans to stainless kitchen appliances and stylish finishes, tenants will feel right at home in these inviting spaces. Situated in the San Marcos downtown area, this property enjoys proximity to major attractions, educational institutions such as Texas State University, bustling shopping centers, and recreational hotspots. Whether you're targeting young professionals, students, or families, the diverse range of unit sizes caters to various tenant preferences, ensuring high occupancy rates and steady cash flow.

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Commercial Active

Price

$ 3,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 41,464

Style

Apartment

Lot Size

0.3

Year Built

2020

Town/City

San Marcos

County/Region

Hays

MLS | Web ID

5503648

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Electricity Connected Sewer Connected Water Connected See Remarks
Zoning CD-5D
Security Features Fire Sprinkler System See Remarks
Construction Materials Stucco
Year Built 2020
Property SubType Apartment
Tax Year 2023
Current Use Residential
Building Name R Squared
Accessibility See Remarks
County Hays
Net Operating Income 125500
Operating Expense 60000
New Construction N
Property Type Commercial Sale
Energy Efficient Other/See Remarks
Subdivision Name Original Town Of San Marcos
Building Features Appliances See Remarks
Green Sustainability See Remarks
Other Structures None
Status Active
Directions From I35 Exit 204B turn righ onto S LBJ Dr left on Martin Luther King Dr Right on Feltner Alley right into crushed granite parking lot.
City San Marcos
Disclosures See Remarks
MLS Area HS
Lot Size Square Feet 13068
Waterfront Y/N N
Street Name Fredericksburg
Tax Annual Amount 42202.96
Property Condition Resale
Additional Parcels Y/N N
Leasable Area 11124
Lease Type Deposit Required See Remarks
Builder Name Woods and Thomason Construction
Standard Status Active
Year Built Source Owner
Tax Assessed Value 2218873
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Interior
Flooring Vinyl
Total Stories 3
Street Suffix ST
Total Bedrooms 0
Total Baths 0
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Exterior
Parking Features Alley Access On Site Parking Lot Unpaved
Water Source Public
Total Parking 16
Foundation Details Slab
Number of Buildings 2
Building Area Total 11124
Lot Size Acres 0.3
Road Surface Type Asphalt
Lot Size Source Public Records
Other Equipment See Remarks
Horse Y/N N
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Internal Only
Street Number 1 140
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* Excluded Features
List By
Michael Nolen

Listing Agent

Mcnabb & Company Real Estate S

Broker

michael@monicamcnabb.com

Email

Affordability Calculator

$27,382
Per Month
87%
13%
0%
Monthly Principal & Interest
$23,927
Monthly Property Taxes
$3,455
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3038596 Elementary School
3038443 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2024$3,600,000 Listed Price

Map


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140 S Fredericksburg St, San Marcos, TX, 78666 is a Commercial Property for sale at $3,600,000 with 11,124 sqft and a lot size of 0.3. 140 S Fredericksburg St is a studio with 0.0 baths and was built in 2020. The property's zip code is 78666 which is in San Marcos, TX