234 W Main ST - Fredericksburg 78624, Gillespie County

103302
For Sale
$1,700,000
Commercial
Commercial
Active

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Building Information

2,167 Sq. Ft.
Historic
Single
1
Other
1900
1
Other
Over 20 Yrs
Formals, Fireplace, Garage/Carport

Land Information

1,286.00 Acres
$0.00
None
Public Water, Sewer
Paved Road, Highway Road
Mostly Flat
Restricted

Tax Information

22176 & 22178
$6,111.00
FBG ADD
Fredericksburg
Tract #1 Legal: Property ID 22176 | Geographic ID S0010-34-0 | Legal Description FBG ADD BLK 34 LOT 164-PT. Trace #2 Legal: Property ID 22178 | Geographic ID S0010-34-0 | Legal Description FBG ADD BLK 34 LOT 101-PT & 102-PT, -UNDIVIDED INTEREST 33.33% ALLEY-

Additional Information

Cash, Conventional
Own historic Main Street Building. Only two buildings on Main ST in Central Business District available for sale since 2015. Don’t miss the chance on Fredericksburg Historic Main Street among Galleries and Tasting Rooms. Now Artisans A Texas Gallery. Retail features 28 feet frontage, expansive open space, soaring ceilings, rustic stone front space. Charming pied-a-terre apartment with bedrooms, kitchen, living, bath, basement office. Exquisite private walled courtyard. Outstanding demographics. 68 Walk Score.

WHY BUY?

Comparative sales on Main ST in Central Business District, 01/01/2015 to 05/04/2017:

One property sold twice: Sold in 01/2013 for $1,090,000 | Resold in 03/2016 for $2,900,000
Two sales from 01/01/2015 to 05/04/2017 including the 03/2016 resale above
Sale $ per land SF: Sale #1 $481 | Sale #2 $250
Sale $ per HVAC SF: Sale #1 $545 | Sale #2 $580
Sale $ per Main ST frontage feet: Sale #1 $96,154 | Sale #2 $64,286

Tourist and market data:

Visitors with $100K+ avg. household income: 44%
Visitors NOT from Texas: 30%
Sales tax trend: 7.3% annual from 2016 through 2021
Gillespie County residential sales: 19% HIGHER 2016 vs. 2015
Gillespie County lodging receipts: 8% HIGHER 2016 vs. 2015
Fredericksburg labor force growth in 2016: 80% HIGHER vs. Texas
December 2016 unemployed residents: 70% LOWER vs. Texas
Fredericksburg annual tourist estimate: 2,000,000+ by 2021

GRAPHICS PACK (DATA & MAPS)

Graphics Pack from SWPRE on Vimeo.

The Graphics Pack consolidates key information about this property including:

68 Walk Score
Outstanding Fredericksburg ISD schools
Google Maps | 0.2 MI from Fredericksburg Town Center | 25 MI from Kerrville | 70 MI from San Antonio | 78 MI from Austin

PROPERTY DATA

All data from the Gillespie Central Appraisal District unless noted

A major advantage of this listing is the undivided 33% in alley providing access to Orange ST. This undivided interest provides critically important off street delivery access to business(es) operating at the property.

PARCEL #1

Address: 234 W MAIN ST

Legal: Property ID 22176 | Geographic ID S0010-34-0 | Legal Description FBG ADD BLK 34 LOT 164-PT

Owners: MEADOWS FAMILY TRUST

HVAC: 2,176 SF

Year built: Not defined

Land: 0.1286 acres | 5,600 SF | 0.052 hectares | 520.26 m2*

2016 taxes: $5,989.11

Tax rate: 1.8284

PARCEL #2

Address: 105 N ORANGE ST

Legal: Property ID 22178 | Geographic ID S0010-34-0 | Legal Description FBG ADD BLK 34 LOT 101-PT & 102-PT, -UNDIVIDED INTEREST 33.33% ALLEY-

Owners: MEADOWS FAMILY TRUST

Land: 0.0918 acres | 4,000SF | 0.037 hectares | 371.61 m2*

2016 taxes: $121.95

Tax rate: 1.8284

*m2 and hectares calculations from SWPRE Big Data™

NOTE: 33% undivided interest in the driveway to Orange ST is NOT depicted in the GCAD graphics or in the estimated property line slide in the Graphics Pack.

3% BUYER BROKER FEE

Only requirements for full commission are: #1 Texas real estate broker license; and #2 Submit contract that escrows, closes, funds.

WHO LIVES IN FREDERICSKBURG?

SWPRE provides demographics based on ESRI Tapestry Segmentation instead of tables of data. Tapestry segmentation provides an accurate, detailed description of America’s neighborhoods – U.S. residential areas are divided into 67 distinctive segments based on their socioeconomic and demographic composition – then further classifies the segments into LifeMode and Urbanization Groups.

53.8% are Midlife Constants | 15.7% are Empty Life Nesters | 14.0% are Old and Newcomers | 9.4% are Retirement Communities

COMPARATIVE DEMOGRAPHICS

SWPRE utilizes socio-demographic data from Certified Commercial Investment Member (CCIM) and ESRI. SWPRE Big Data™ analyzes ESRI and CCIM data to generate comparative socio demographic graphics comparing Fredericksburg to Austin, Dallas, Houston and San Antonio.

Fredericksburg socio-demographic key findings:

High home values: In several key categories
Very high household (HH) income: Ranks #1 in avg. annual income growth
Extremely high HH net worth: Ranks #1 by almost 200%
Established residents: 48 year old median age

Comparative Demographics from SWPRE on Vimeo.

Fredericksburg ranking compared to Austin | Dallas | Houston | San Antonio in:

Income

#1 Avg. Annual % Income Growth
#1 Annual % Income Growth $100K – $150K
#1 Annual % Income Growth $200K+

Highest Net Worth

#1 Avg. Household Net Worth
#1 Household Net Worth % $250K – $500K
#1 Household Net Worth % $500K +
#1 Household Net Worth with Head of Household (HOH) <25 Years Old
#1 Household Net Worth 55 – 64 Years Old
#1 Household Net Worth 65 – 74 Years Old
#1 Household Net Worth 75 + Years Old

Homes

#2 Avg. Home Values
#1 Home Values % $200K – $300K
#2 Home Values % $300K – $400K
#1 Annual % Growth Home Values $300K – $400K
#2 Home Values % $400K – $500K

AUSTIN REAL ESTATE FOR THE GREATER GOOD™

Through SWPRE Philanthropy, SWPRE and SWPRE Philanthropy Realtors™ donate 10% of revenues/commissions to SWPRE Preferred Nonprofits. SWPRE advocates but does not require gift matching. It can add up fast!

SWPRE Philanthropy gift recipients are selected by our client. The Seller of this property has directed our gift to Dell Seton Medical Center at The University of Texas Austin.

The Power of Gift Matching

If sold at list price and all parties match the SWPRE Philanthropy gift, Dell Seton Medical Center at The University of Texas Austin will receive a gift of $54,000!

Your gift will be doubled!

The Michael & Susan Dell Foundation is helping to elevate Central Texans’ healthcare with a $25 million challenge grant to help build the new Dell Seton Medical Center at The University of Texas.

This generous grant will double every donation, whether it’s $10 or $10,000, up to $25 million. Many thanks to the Michael & Susan Dell Foundation and you for supporting Seton and the future of care in our community!


0.2 MI west of Town Center. Property on right (north).