301 W Mercer St - Freestanding FOR SALE


Dripping Springs, TX 78620
$2,500,000 USD
512-415-2265
301 W Mercer St, Dripping Springs, TX for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/25
null | Request Cap Rate

301 W Mercer St
Dripping Springs, TX 78620


HIGHLIGHTS

  • Heavy Foot Traffic
  • Frontage on Mercer Street
  • Located in the Heart of Dripping Springs, 30 mins from Austin
  • 100% Occupied but can be negotiated for Owner/User

OVERVIEW

• The building is located in the center of the main historic district of Dripping Springs. • The property sits front and center on Mercer St. • Nationally recognized historic building originally built in 1891. • Four contiguous city lots in the main historic district of Dripping Springs. • Six thousand square feet interior space. • Two LUE's. • Two existing businesses with shared foot traffic, with interior, middle passageway that locks when either business is closed. • Covered walkway in front with lighting. • Parking is ideal for the building with straight in parking off Mercer Street, College Street and a large parking lot behind the building. • Fenced side yard for the coffee shop, fully landscaped. • Loading dock for coffee shop. • The only historic oak tree on Mercer Street, positioned at Northwest corner front of building. The tree is located on city property, but 301 Mercer Street is the beneficiary of the beauty and shade of the tree. • Large oak positioned at back Southwest corner of building. • Potential for second floor addition over Juniper Tree business. This is a unique opportunity for someone with the foresight to understand the potential of this property given the on-going Dripping Springs housing growth, as Hays County is one of the fastest growing county’s in the nation. **Left side of Building (Juniper Tree Market) comprised of 3,000sqft is currently being occupied by owner, can be vacated for new owner's use within a negotiated time frame. The Right side of building (Mazama Coffee Co) comprised of 3,000sqft has a lease through September 21st, 2027, with a Five-Year option to renew**

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1891

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CS

APN/PARCEL ID

R26703

ASK ABOUT THIS PROPERTY

Scott DavesStanberry RealtorsMore Info
512-415-2265

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Scott DavesStanberry RealtorsMore Info
512-415-2265

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