425 E Main St - Restaurant FOR SALE


Fredericksburg, TX 78624
$12,950,000 USD
210-383-0007
425 E Main St, Fredericksburg, TX for Sale
$12,950,000 USD
Restaurant - FOR SALE
1/47
null | 5.79% Cap Rate

NEW


425 E Main St
Fredericksburg, TX 78624


OVERVIEW

One of a kind fully renovated multi tenant legacy Main Street asset. With National Tenants as well as locally operated proven and popular food, wine, champaign, entertainment, hosting operations in place. Occupying an entire block on Main Street in Downtown Fredricksburg, Texas in the heart of tourism and entertainment. Located one block from 87 & Main, the primary entrance to downtown Fredricksburg, this over 9000 square foot development has been fully renovated with no expense spared. The current owner has secured leases and deals with Tesla as well as Waldorff Astoria. In addition local and popular tenants: Six Twists, Ocotillo and The Harvey have secured leases in place. The development also boast a freshly renovated luxary apartment over looking the creek and downtown with a one year secured lease in place. The owner has left the Main Street fronting storefront available for a potential owner occupancy and venture of their own, although it could quickly be leased as it is in high demand due to quality build out and prime location. in addition there is a separate vacant building at the rear of the property that can be renovated and leased fairly easy, offering the potential of a 8th tenant/revenue source. This property is one of a kind and a true Legacy asset. Call me directly today for more details 210.383.0007

FOR SALE DETAILS

PRICE

$12,950,000 USD

PRICE/SF

$1,402 USD /SF

CAP RATE

5.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

CBD

APN/PARCEL ID

17084

ASK ABOUT THIS PROPERTY

Charles RiddleLegacy Broker GroupMore Info
210-383-0007

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Charles RiddleLegacy Broker GroupMore Info
210-383-0007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.