This Property is no longer advertised on Showcase.com.
Off Market
1/13

1639 W US Highway 290
Fredericksburg, TX 78624


HIGHLIGHTS

  • Established 23-year iconic store ideally located 5 minutes from downtown Fredericksburg
  • Eye-catching signage and approximately 180 feet of U.S. Hwy 290 road frontage
  • Positive year-over-year cash flow with opportunity to for additional income with former barrack and apartment

OVERVIEW

Property Details: - Zoning: Unrestricted (ETJ) - # Units 6 - Parking: 10 Surface - Lot size: .62 AC - Total Sq. Ft.: Approximately 3,211 Property Features: - Two-story building on wooded lot - Prime location and visibility, including +/- 180 feet of Highway 290 frontage - +/- 90 SF walk-in humidor - +/- 1,401 SF retail/commercial store - +- 500 SF efficiency apartment - +/- 720 SF former barrack, pus 590 SF storage - Outside of city limits, within ETJ Investment Highlights: - 23-year, well established business has yielded positive cash flow year over year - Walk-in humidor sells large variety of premium cigars - Convenience store offers beer, wine, ice, sundries and novelties - Efficiency apartment above the store provides owner/operator with additional rental income options - Former barrack may be updated to rental living quarters, commercial/retail or used as storage - Upon receipt of an NDA and proof of funds, financials are available

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Smoke Depot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Residential

TOTAL BUILDING SIZE

3211

STORIES

2

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

20799