4951 Fm 1283, Pipe Creek, TX 78063
4951 Fm 1283, Pipe Creek, TX 78063
4951 Fm 1283, Pipe Creek, TX 78063
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$650,000
Est. payment /mo
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3 Beds
5 Baths
20,000 SqFt
Active

4951 Fm 1283 Pipe Creek, TX 78063

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Evan Rayborn

Evan Rayborn

+1(210) 878-5090

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Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $32

Subdivision Medina Lake Estates

MLS Listing ID 1972994

Style Two Story

Bedrooms 3

Full Baths 2

Half Baths 6

Year Built 1997

Annual Tax Amount $8,372

Lot Size 1.051 Acres

Property Sub-Type Multi-Family (2-8 Units)

Property 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!

Location

State TX

County Bandera

Area 2400

Interior

Heating Window Unit

Cooling Window/Wall

Flooring Wood, Laminate, Stained Concrete

Exterior

Exterior Feature Wood, Metal Structure

Garage Spaces 120.0

Roof Type Metal

Building

Foundation Slab

Sewer Septic

Schools

Elementary Schools Hill Country

Middle Schools Bandera

High Schools Bandera

School District Bandera Isd

Others

Acceptable Financing Conventional, 1st Seller Carry, Lease Option, Cash, Investors OK, Other

Listing Terms Conventional, 1st Seller Carry, Lease Option, Cash, Investors OK, Other

LERA MLS - Local Expertise Regional Access / SABOR
Listed by Thomas Martinez • Leverage Realty Consulting Group • (210) 878-6683

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4951 Fm 1283

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