$1,195,000

Classen Realty Group has been retained by the seller to market and represents in the sale of real property: 160 Fredericksburg; 224 W. MLK Drive and 145 Feltner Alley, San Marcos, TX 78666. The sites consist of four parcels totaling approximately .628 acres. Located a short walking distance to San Marcos Square and less than 1/2 mile from Texas State University, the location is unbeatable. One parcel has an ~740 square feet home that is currently a rental. Another parcel along Feltner Alley is a vacant lot. The current zoning of Character District 4 (CD-4) is intended to accommodate a variety of residential options, including single-family, two-family, and multi-family with limited commercial or mixed-use on the corners. The COSM zoning ordinances indicate up to 80% impervious cover and a maximum building height of three stories (50’). The zoning, prime location, and land area make this site optimal for apartments, townhouses, live/work, or neighborhood-shopfront redevelopment. As of this publication, there are limited opportunities to purchase lots zoned CD-4 in the downtown area. The other two parcels are vacant and have utilities from the City of San Marcos. The current zoning of Character District 5 Downtown (CD-5D) is intended to provide for mixed-use and pedestrian-oriented development in the downtown area. The COSM zoning ordinances indicate up to 100% impervious cover and a maximum building height of five stories (75’). The high-intensity zoning, prime location, and land the area makes this site optimal for apartments, townhouses, live/work, mixed-use shopfront, or a civic building redevelopment.