702 S WASHINGTON HIGHWAY, FREDERICKSBURG, TX 78624

Homes for sale in Fredericksburg.

Homes for sale in 78624.


Active

List Price$2,650,000

702 S Washington Highway

Fredericksburg, TX 78624

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #5684016

11,700

Square Feet

Commercial

Type

About This Property

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-is" Ideal 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.

Property Features

Location Information

County

Gillespie

Subdivision

G E Co #50

County

Gillespie

Directions

From Main Street in Fredericksburg travel S on Washington/Hwy 87S. Property is on the corner of Hwy 87 and Highway Street

Area

GP

Interior Features

Heating

None

Disabled Features

See Remarks

Floors

See Remarks

Accessibility

See Remarks

Exterior Features

Style

See Remarks

Parking Description

See Remarks

Is New Construction

No

Lot Size in Acres

1.951

Construction/Exterior

See Remarks

Zoning

C-2

Foundation

Slab

Buildings

3

Possession

Closing & Funding, Close Of Escrow

Road Description

Gravel

Water / Sewer

Public Sewer, See Remarks

Has Waterfront

No

Water

Public

Additional Information

Other Utilities

Electricity Available, Water Connected

APN

GE005000

Property Type

COM

Status

Active

Property SubType

Mixed Use

Documents Available

See Remarks

Year Built

1992

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Mortgage Calculator

$12,375

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$9,549

Monthly Tax

$2,208

Monthly Insurance

$618

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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