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$1,600,000
Est. payment /mo
708 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 708 sqft
Price per Sqft $2,259
Subdivision Woodbrook
MLS Listing ID 7455324
Originating Board actris
Year Built 2004
Tax Year 2023
Lot Size 12.530 Acres
Acres 12.53
Property Sub-Type See Remarks
Property Description
This ±12.53-acre property is a rare find for townhome or condo development, offering a central location and stunning riverfront views. With frontage on both the north and south banks of the Guadalupe River in the heart of Kerrville, it's a unique opportunity for a residential project in a highly desirable area.
Right next door is Palacio Del Guadalupe, a luxury condo community where 2-bedroom units are selling for $128 per square foot, highlighting the area's strong market potential. Plus, the property is in the HUD-designated 2024 Difficult Development Area (DDA), which could offer financial incentives for developers.
There are also two existing residential units on-site that could be considered livable, adding even more possibilities to this incredible investment opportunity.
Right next door is Palacio Del Guadalupe, a luxury condo community where 2-bedroom units are selling for $128 per square foot, highlighting the area's strong market potential. Plus, the property is in the HUD-designated 2024 Difficult Development Area (DDA), which could offer financial incentives for developers.
There are also two existing residential units on-site that could be considered livable, adding even more possibilities to this incredible investment opportunity.
Location
State TX
County Kerr
Zoning R-1
Interior
Flooring See Remarks
Fireplace No
Exterior
Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected
View City, River, Trees/Woods
Total Parking Spaces 10
Building
Foundation See Remarks
Sewer Public Sewer
Water Public
Structure Type See Remarks
New Construction No
Others
Special Listing Condition Standard
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Listed by McAllister & Associates
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