42 & 46 S Ranch Road 1623

COMMERCIAL INVESTMENT OPPORTUNITY! Located between Johnson City and Fredericksburg, Stonewall sits at the heart of the 290 Texas Wine Trail in one of the hottest areas of the US. This 3.47-acre property sits at a prominent corner on the Hwy 290 Wine Trail and S Ranch Road 1623 in downtown Stonewall...two heavily traveled routes in and through the Texas Wine Trail. This income-producing property consists of 4 buildings with solid tenants...all with a large local following and geared towards the food/wine and tourism industry. The buildings have been recently updated with a new septic to the site. This property is a solid investment opportunity with a great current income stream and the potential for growth and expansion. The existing units comprise approximately 8,800 SF of conditioned space along with 2,400 SF of warehouse space. There is an additional pad site on the property with approval for up to 5,000 - 6,000 SF of retail space. Owner is a general contractor and would entertain a "build to suit" contract for the Unit 4 pad site. This is a solid investment in an area experiencing extreme growth. 2023 cap rate of existing rental units is 7.3%. 2024 estimated cap rate of existing rental units is 7.7% Property is also available in a smaller footprint that would remove Unit 5 from the purchase (see survey).