702 S Washington Hwy,Fredericksburg, TX 78624
Fredericksburg, TX 78624
Description
Prime commercial investment opportunity in the heart of Fredericksburg, Texas. Situated at 702 S. Washington Street (State Highway 87), this property offers exceptional visibility and access along a high-traffic corridor just minutes from Fredericksburg’s historic Main Street, a premier destination in the Texas Hill Country. Fredericksburg’s robust tourism economy, anchored by its renowned wineries, hospitality sector, and vibrant downtown, drives consistent year-round visitor traffic and supports strong commercial demand. The site benefits from direct frontage on SH 87 with convenient access to U.S. Highway 290, connecting Austin, San Antonio, and the Hill Country wine region.According to Texas Department of Transportation (TxDOT) data, S. Washington Street experiences approximately 7,000-10,000 vehicles per day, providing excellent exposure. Nearby Highway Street supports additional traffic of 2,000-7,000 vehicles daily, reinforcing steady local circulation and accessibility. Surrounded by established residential neighborhoods, lodging properties, and local businesses, the property benefits from a dynamic mix of local consumer base and tourism-driven activity. Continued population growth and sustained visitor demand position Fredericksburg as one of the strongest small-market investment environments in Texas.Key Highlights Prime frontage on S. Washington Street (SH 87) High visibility with strong daily traffic counts Proximity to Main Street retail, dining, and wineries Located in a high-demand, tourism-driven market Flexible commercial potential (buyer to verify zoning and uses) Partially approved strip center plans convey with sale Improvements offered as-isIdeal for retail, office, hospitality, or redevelopment, this offering presents a rare opportunity to acquire a strategically located asset in one of the most desirable commercial corridors in the Texas Hill Country.
Details
| MLS # | 5684016 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1992 |
| Days On Site | 159 |
| Listing Provided By | Reata Ranch Realty, LLC | Michele Smith |
Features
| SQ Feet | 11,700 |
|---|---|
| Building(s) | 3 |
| Zoning | C-2 |
| Acreage | 1.95 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Flooring | See Remarks |
Exterior
| Foundation Details | Slab |
|---|---|
| Construction Materials | See Remarks |
| Security Features | See Remarks |
Parking
| Parking Features | See Remarks |
|---|
Utilities
| Utilities | Electricity Available, Water Connected |
|---|---|
| Sewer | See Remarks, Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 16677 |
|---|
Area Information
| State | TX |
|---|---|
| County | Gillespie |
| City | Fredericksburg |
| Zip Code | 78624 |
| Area | GP |
| Community Name | G E Co #50 |
| Listing VS Median (in G E Co #50) | |
Price: $2,650,000 low | high Med: $2,650,000 sqft: 11,700 low | high Med: 11,700 $ / sqft: $226 low | high Med: $226 On site: 159 low | high Med: 159 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 31, 2026 at 7:12:36 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Gillespie |
| City | Fredericksburg |
| Zip Code | 78624 |
| Area | GP |
| Community Name | G E Co #50 |
| Listing VS Median (in G E Co #50) | |
Price: $2,650,000 low | high Med: $2,650,000 sqft: 11,700 low | high Med: 11,700 $ / sqft: $226 low | high Med: $226 On site: 159 low | high Med: 159 | |
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