209 & 215 Cheatham Street present a rare investment in the heart of San Marcos’ emerging South Square District. Seller Financing Available. These two contiguous parcels total approximately 0.65 acres (0.0456 + 0.191 acres) and are zoned CD-5D Downtown Character District, allowing a broad range of mixed-use and commercial development opportunities. High visibility at Cheatham & McKie Streets — road frontage and curb cuts in place City water, wastewater, and electric available at street Flat topography, partially wooded, minimal site prep required Storm-drain infrastructure and private paved access already established Seller financing available Recent survey included in due-diligence materials Location & Market Context The property sits approximately ½ mile from the San Marcos Square, 1 mile from Texas State University, and ? mile from the San Marcos River. South Square is one of the city’s most dynamic redevelopment areas—home to new restaurants, nightlife, and creative commercial concepts serving both residents and students. Quick access to I-35 and Highway 123 positions the site within 45 minutes of both Austin and San Antonio. Development Potential CD-5D zoning supports up to 24 dwelling units per acre and permits uses such as: • Multi-family or courtyard housing • Restaurant / bar / retail concepts • Mixed-use residential over commercial • Boutique hotel or short-term rental hub • Creative office or studio space For investors, this location offers immediate utility connections, low site-development costs, and long-term upside in a rapidly appreciating downtown corridor. Whether developed for income, held for appreciation, or incorporated into a larger assemblage, 209 & 215 Cheatham Street provide a scalable, high-visibility opportunity in the heart of Central Texas.