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$2,100,000
Est. payment /mo
10,794 SqFt
UPDATED:
07/23/2024 06:25 PM
Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Active
Purchase Type For Sale
Square Footage 10,794 sqft
Price per Sqft $194
MLS Listing ID 1778179
Construction Status Wood,Stone
Year Built 1992
Annual Tax Amount $10,769
Property Description
A prime 5.28 acres with possibility to be annexed into the city of Fredericksburg. 2 acres are zoned C1 that contain multiple improvements including a retail building, office / studio, and a functioning AirBnB that sleeps 10 along with ample parking covering almost .75 acres to allow for additional growth. The remaining 3.28 acres are currently deemed a tax benefiting Native Pasture to help keep property taxes low. This property was originally owned and developed by local esteemed jeweler Jeep Collins. The three buildings on premise were built and designed as his manufacturing facility, retail storefront and offices. The current use of the property houses the world famous One Quilt Place. This established business provides everything needed to create unique quilts, from fabrics to machinery, including classes and instruction. The business is not for sale, however, only the property is available in this offering. The largest of the improvements, the retail storefront, is a huge 6394 square feet. There are several offices, break rooms and storage rooms in this building to allow for the current retail business operations. The 'Cottage' is another building on premise comprising 2700 square feet. This structure is currently being utilized as a three bedroom AirBnB that can house 10 persons overnight as well as provide classroom accommodations for overnight parties and guests from far away. The 'Studio' is 1700 square feet of additional classroom space for quilting instruction and private parties. Utilities are currently being serviced by a private water well and septic system. However, public water and sewer are readily available directly in front of the property. The current possibilities of this property are endless. This could continue as a retail operation or expand the AirBnB aspect of the property. This would make an excellent restaurant or tasting room with vines planted in the additional 3 acres for ambiance. The property could even revert to its original manufacturing and retail roots if desired. With close proximity to Main Street and Highway 16, yet still having the country feel of the Hill Country, this property is everywhere you want to be. Current growth surrounding the property allows for ready made clientele living and working within minutes of your business.
Location
State TX
County Gillespie
Area 3100
Zoning C1
Interior
Heating Central
Cooling Central
Exterior
Garage Spaces 100.0
Utilities Available Electricity, Water, Septic
Amenities Available Not Applicable/None
Roof Type Metal
Building
Story 1
Foundation Slab
Level or Stories 1
Construction Status Wood,Stone
Schools
School District Fredericksburg
Others
Acceptable Financing Sale Only, Cash, Conventional
Listing Terms Sale Only, Cash, Conventional
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Listed by Kristian Forks • Kuper Sotheby's Int'l Realty • (210) 854-6431
13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States