4951 Fm 1283, Pipe Creek, TX 78063
- $650,000
- 20,000
- SqFt
- List Price
- $650,000
- MLS#
- 1972994
- Status
- ACTIVE
- Number of Units
- 13
- County
- Bandera
- City
- Pipe Creek
- Subdivision
- Medina Lake Estates
- Living Area
- 20,000
- Acres
- 1.05
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!
/u.realgeeks.media/myboernehome/IMG_1015.jpg)
Additional Information
- Days on Market
- 52
- Year Built
- 1997
- Builder Name
- Unknown
- Cooling
- Window/Wall
- Heating
- Window Unit
- Exterior Features
- Patio Slab, Covered Patio, Detached Quarters, Controlled Access, Level
- Exterior
- Wood, Metal Structure
- Roof
- Metal
- Floor
- Wood, Laminate, Stained Concrete
- School District
- Bandera Isd
- Elementary School
- Hill Country
- Middle School
- Bandera
- High School
- Bandera
Mortgage Calculator
Listing courtesy of Listing Agent: Thomas Martinez (Thomas@HireLeverageGroup.com) from Listing Office: Leverage Realty Consulting Group.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 
Listings provided by LERA MLS