COMMERCIAL PROPERTY FOR SALE IN FREDERICKSBURG, TX
If you follow Fredericksburg, TX real estate at all, you will no doubt have noticed that the commercial portion our our market is not as active as our residential and/or farm/ranch markets. The commercial market is so varied and disjointed that the MLS statistics we use to tract such things does not accurately portrait the opportunities that can lie within this sector.
The recent re-listing of what is locally referred to as "The Peanut Factory" is one such opportunity. Comprising approximately 3.71 acres of prime real estate and containing eight building totally nearly 33,000 s.f. of usable space, this M-1 zoned property offers ample possibilities for use and/or re-development.
The aggressive re-pricing from the original $1,500,000 to $1,290,000 to $975,000 to the current $825,000 and the sellers willingness to separately sell the two unimproved lots (measuring a total of 200' x 190' for a total of $200,000) is indicative of a seller fully aware of market conditions. NEWSFLASH...on 5/17/2010, this price on this property was reduced again! The entire tract can now be purchased for only $825,000.
The opportunity to re-shape a notable part of Fredericksburg's past is one that cannot and should not be taken lightly. Such a highly visible project offers a rare chance to leave a footprint within this historic community that secures a lasting legacy for the intrepid and creative entrepreneur.
A plat of the entire property can be seen here and the outline of the unimproved lots can be seen here.
An amazing opportunity awaits a developer confident in the inevitable recovery of our residential market. This 10+/- acre tract lies in the heart of the area most in need of buildable, affordable lots. Once the subject of a potential project creating 91 lots (not likely possible under current zoning), this tract features the visibility and location and accessibility that any seasoned developer will immediately appreciate.
Listed for the last several years at unrealistic pricing, ,this R-2 zoned tract has been reduced by a whopping $120,000 and the sellers are "gettin' real". Current zoning allows for 50' wide, 5,000 s.f. lots and/or duplexes and other multi-family uses.
The ample frontage on Highway Street creates project visibility and provides key access but the "hidden gem" is an ability to "turn your back" to Highway St. by orienting the project to an extension of Sunrise Street whose ROW exists on this property's eastern edge. Ample city utilities surround the site. Call for more details on MLS 61691
