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In-PersonVirtual Tour

Michelle Daep

realtormichelledaep@gmail.com +1(210) 941-7809

$ 650,000

Est. payment | -/mo

20,000 SqFt

Save

$ 650,000

Est. payment | -/mo

Save

20,000 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $32

MLS Listing ID 1972993

Construction Status Wood,Metal,Metal Structure

Year Built 1997

Annual Tax Amount $5,939

Lot Size 1.051 Acres

Property Sub-Type Commercial Improved Prop

Property Description

High Cash Flow Mixed-Use Investment. 70% Occupied. Net Operating Income Positive As-Is at a 9% Cap Rate. Pro Forma Cap Rate 22%. Hill Country Market Place is an income-producing mixed-use asset located in the rapidly growing northwest San Antonio corridor, strategically positioned between Helotes, Bandera, Lakehills/Medina Lake, and Alamo Ranch. This property offers investors an exceptional opportunity to acquire a cash flowing commercial center with significant upside, anchored by a well-established restaurant, bar and entertainment venue, and custom cabinetry manufacturing and fabrication warehouse, office, and industrial yard for delivery and fleet vehicles. The center offers 20,000 square feet of lease space on just over 1 acre of land, with an approximate 65 parking spaces, situated on a corner parcel on the FM 1283 thoroughfare that experiences 4,000 average vehicles per day. The property is currently ~70% occupied and producing income, with a pro-forma NOI of approximately $146,627, delivering a projected cap rate exceeding 22%. The existing tenancy provides immediate cash flow, while remaining vacancy and operational upside create strong buyer position on day one. Property includes a food truck/RV hookup, an upstairs apartment, and community and ensuite restrooms. Schedule your tour today!

Location

State TX

County Bandera

Area 2400

Zoning UNRESTRICTED

Exterior

Garage Spaces 65.0

Utilities Available Electricity, Water, Septic, Other

Amenities Available Exterior Lighting, Fenced Storage Yard, Inside Storage, Outside Storage, Living Area, Public Restroom, Security Fence, Security Lighting, Controlled Access

Roof Type Metal

Building

Construction Status Wood,Metal,Metal Structure

Schools

School District Bandera Isd

Others

Acceptable Financing Sale Only, Lease Only, Lease or Sale, Cash, Conventional, 1st Seller Carry, Lease Option to Buy

Listing Terms Sale Only, Lease Only, Lease or Sale, Cash, Conventional, 1st Seller Carry, Lease Option to Buy

LERA MLS - Local Expertise Regional Access / SABOR

Listed by Thomas Martinez • Leverage Realty Consulting Group • (210) 878-6683

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs!!

+1(210) 941-7809

realtormichelledaep@gmail.com

Learn More About LPT Realty

4951 FM 1283 Pipe Creek, TX 78063