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115 Warden Ln

San Marcos, TX 78666
  • $696,000
  • STATUS: Active
  • ID#: 4630008
UPDATED: 26 min ago
$696,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

Description

Opportunity Knocks! Perfect for owner occupied business or investment! Current tenants lease goes through October 2022 and 5.5 cap rate is in place at current list price. The property is surrounded by Multi-Family, Retail and a restaurant. Property was constructed as a medical office with two office suites with 3,119 square feet of heated and cooled office space on 0.47 acre of land currently used as a single space, with the second waiting area utilized as a conference room. Interior floor plan consists of exam rooms, a private kitchen, file storage rooms, work space/reception areas, common and private bathrooms and private office space. The property is zoned MU " Mixed-Use District by the City of San Marcos. The property is located in the High Intensity, Midtown District, under the 2017 CIty of San Marcos Comprehensive Plan and can be redeveloped with higher intensity. Currently lease through October with a 6.7% cap rate. The renderings are just ideas if owner decides to update.

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© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-06-26T23:01:19.047.
www.austintexasresidence.com/homes/129321002
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115 Warden Ln San Marcos, TX 78666

  • Price: $696,000
  • Status: Active
  • On Site: Days
  • Updated: 26 min ago
  • ID#: 4630008
0
Beds
0
Baths
0
½ Baths
0.47
Acres
1979
Built
Neighborhood:
C-Sm-Thorp
County:
Hays
Area:
San Marcos
Property Description
Opportunity Knocks! Perfect for owner occupied business or investment! Current tenants lease goes through October 2022 and 5.5 cap rate is in place at current list price. The property is surrounded by Multi-Family, Retail and a restaurant. Property was constructed as a medical office with two office suites with 3,119 square feet of heated and cooled office space on 0.47 acre of land currently used as a single space, with the second waiting area utilized as a conference room. Interior floor plan consists of exam rooms, a private kitchen, file storage rooms, work space/reception areas, common and private bathrooms and private office space. The property is zoned MU " Mixed-Use District by the City of San Marcos. The property is located in the High Intensity, Midtown District, under the 2017 CIty of San Marcos Comprehensive Plan and can be redeveloped with higher intensity. Currently lease through October with a 6.7% cap rate. The renderings are just ideas if owner decides to update.
Exterior Features

Attached Garage YN No Bays 0 Construction Materials Wood SidingStone Foundation Details Slab Garage YN No Other Structures None Parking Features AsphaltParking Lot Stories Total 1 Waterfront YN No

Interior Features

Building Area Total 3119 Cooling Central AirElectric Flooring CarpetTile Heating CentralElectric

Property Features

Accessibility Features Hand Rails Additional Parcels YN No Building Features Private RestroomsPublic Restrooms Current Use CommercialMixed UseOffice Estimated Taxes 16204 Horse YN Yes Listing Terms CashConventional New Construction YN No Property Condition Resale Property Sub Type Office Sewer Public Sewer Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedInternet-CablePhone ConnectedSewer ConnectedWater Connected Water Source Public

Property listed by Clark Real Estate Agency.


© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-06-26T23:01:19.047.
 
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Watters International
8240 N. Mopac Expressway Suite 110
Austin TX, 78759