453 N Washington St - Residential Income FOR SALE


Round Top, TX 78954
$3,250,000 USD
713-558-3207
453 N Washington St, Round Top, TX for Sale
$3,250,000 USD
Residential Income - FOR SALE
1/43
null | Request Cap Rate

453 N Washington St
Round Top, TX 78954


HIGHLIGHTS

  • Fully Leased Commercial Property
  • Within Round Top City Limits
  • Sits on 3.523 +/- ACRES

OVERVIEW

INCOME PRODUCING PROPERTY! This exceptional commercial property in the heart of Round Top presents an outstanding investment opportunity. Located on 3.523 acres within the city limits, it boasts well-established infrastructure ready to be transformed into a profitable asset. The main building offers 2,682 sq ft, complete with 2 full baths, 2 half baths, and a flexible gallery/workshop space with an upstairs area. The property also includes a 1,220 sq. ft. charming 3-bedroom, 1-bath cottage, ideal for short-term vacation rentals. At the back of the property, you'll find a serene wooded area, accessible via a 42-foot footbridge that spans a creek and leads to scenic walking trails. Additional features include a 1,000 sq ft garage, perfect for an RV or convertible into lodging, along with 7 RV slips. There are also plans available to develop the property into a luxury getaway resort. Both the gallery and cottage have been successfully leased to tenants for the past two years.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,070 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.52 AC

LAND SF

153,462 SF

ZONING

Commercial

APN/PARCEL ID

R40731

ASK ABOUT THIS PROPERTY

Lindsey PleasantMartha Turner Sotheby's International RealtyMore Info
713-558-3207

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Lindsey PleasantMartha Turner Sotheby's International RealtyMore Info
713-558-3207

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