I would describe this Prime Commercial corner up for sale on Fredericksburg TX Main Street as “one of the best corner lots in one of the most ‘happening towns’ in Texas” The highly visible location, at the junction of Highway 87 South and Highway 290, is situated across from the Nimitz Museum, and is also in an area of high foot traffic, making it prime commercial property on Main Street in Fredericksburg.
There is currently a successful restaurant operating on the site. However, the property lends itself to development in a variety of ways. The seller also has city-approved plans for a multilevel boutique hotel/bed and breakfast operation, which have received preliminary approval by the city. Much of the initial “front end” work has already been completed. But Really no matter what a prospective buyer envisions for the location, “you are all but guaranteed success.”
Fredericksburgs economy is booming
As evidenced by a 21 percent increase in city tax receipts between 2011 and 2015. There was also an impressive growth of 24.6 percent in Gillespie County taxes for the same five-year period. Initial figures for 2016 point to another year of record growth.
Additionally, lodging receipts in the area have grown a whopping 44 percent over the same period. Spurring the growth is the perception that the Texas Hill Country, with Fredericksburg at its heart, has been designated “the new Napa.” A recent article in the Huffington Post notes that this area has the two main ingredients to make that moniker a lasting reality: Tourism and fine, small wineries. It is this combination of economic health, commercial opportunity and location that makes this property a “must see” for anyone interested in a Fredericksburg business presence.
Check out all the details at : 341 East Main Street, Fredericksburg TX Commercial Real Estate for sale