4951 Fm 1283,Pipe Creek, TX 78063
Pipe Creek, TX 78063
Description
High Cash Flow Mixed-Use Investment. 70% Occupied. Net Operating Income Positive As-Is at a 8.67% Cap Rate. Pro Forma Cap Rate 22%. Hill Country Market Place is an income-producing mixed-use asset located in the rapidly growing northwest San Antonio corridor, strategically positioned between Helotes, Bandera, Lakehills/Medina Lake, and Alamo Ranch. This property offers investors an exceptional opportunity to acquire a cash flowing commercial center with significant upside, anchored by a well-established restaurant, bar and entertainment venue, and custom cabinetry manufacturing and fabrication warehouse, office, and industrial yard for delivery and fleet vehicles. The center offers 20,000 square feet of lease space on just over 1 acre of land, with an approximate 65 parking spaces, situated on a corner parcel on the FM 1283 thoroughfare that experiences 4,000 average vehicles per day. The property is currently ~70% occupied and producing income, with a pro-forma NOI of approximately $143,000, delivering a projected cap rate exceeding 22%. The existing tenancy provides immediate cash flow, while remaining vacancy and operational upside create strong buyer position on day one. Property includes a food truck/RV hookup, an upstairs apartment, and community and ensuite restrooms. Schedule your tour today!
Details
| MLS # | 1972993 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-use |
| Status | Active |
| Year | 1997 |
| Days On Site | 85 |
| Listing Provided By | Leverage Realty Consulting Group | Thomas Martinez |
Features
| SQ Feet | 20,000 |
|---|---|
| Zoning | UNRESTRICTED |
| Acreage | 1.05 |
Exterior
| Roof | Metal |
|---|
Parking
| Number Total Parking | 65 |
|---|
Utilities
| Utilities | Electricity, Water, Septic, Other |
|---|---|
| Waterorsewer | 10000 |
| Gas And Electric | 10000 |
Taxes
| Tax Property Id | 15150000000020 |
|---|---|
| Annual Tax | 7339.14 |
| Total Tax | 7339.14 |
Area Information
| State | TX |
|---|---|
| County | Bandera |
| City | Pipe Creek |
| Zip Code | 78063 |
| Area | Bandera |
| School District | Bandera Isd |
| Listing VS Median (in 78063) | |
Price: $650,000 low | high Med: $342,000 sqft: 20,000 low | high Med: 1,435 $ / sqft: $33 low | high Med: $238 On site: 85 low | high Med: 103 | |
Market Activity 78063
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Learn More About This Property
| State | TX |
|---|---|
| County | Bandera |
| City | Pipe Creek |
| Zip Code | 78063 |
| Area | Bandera |
| School District | Bandera Isd |
| Listing VS Median (in 78063) | |
Price: $650,000 low | high Med: $342,000 sqft: 20,000 low | high Med: 1,435 $ / sqft: $33 low | high Med: $238 On site: 85 low | high Med: 103 | |
 | $650,0004951 Fm 1283Pipe Creek, TX 78063 |
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Land & Ranch 210.483.7500 | Bandera 830.850.6700 | Global Luxury 210.483.5700 | Coldwell Banker Commercial Alamo City 210.483.6250
North Central San Antonio / Stone Oak 210.483.7070 | Harper Property Management 210.483.7040 | Relocation Services 210.483.7121
North West San Antonio 210.483.0000 | Laredo 956.722.4822 | Coldwell Banker Commercial International Gateway 956.937.2867
