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Directly across the street from Texas State University on Old Ranch Road 12, these two homes sit on a .363 acre lot with Mixed Use zoning; the location and underlying potential are extremely attractive to investors and end-users alike.
Both homes are currently rented out with rental income totaling $2,200/month. 833 RR-12 (home on the left) and 835 RR-12 (home on the right) both sit on one parcel and will be sold together. The home on the left is a two-story, 2 bedroom, 1.5 bathroom home. The downstairs features a living room, kitchen with a breakfast area, and a half bath. The upstairs features two bedrooms, a full bath, and access to the 2nd story balcony. The home on the right is a single-story 1 bedroom, 1 bath home with a cozy kitchen and living room that leads to the covered front porch. The area in front of the house has the potential for adding a deck, patio, or entertainment area that would have a direct view of Texas State.
The City of San Marcos zoning map indicates the current “Legacy Zoning” of Mixed-Use which gives endless possibilities to the end buyer. The Mixed-Use zoning, prime location, and land area make this site prime for a Bed & Breakfast Inn, Fraternity or Sorority Building (w/conditional use permit), Retail Store, Loft Apartments, Offices, Hotel/Motel, Adult Day Care/Assisted Living, Medical Clinic, Nursing Home, Caterer, or Dance/Drama/Music School. As of this publication, there are limited opportunities to purchase a commercially mixed-use property with two existing homes and expansion potential. Uses, zoning, utilities, etc. should be confirmed by the Buyer through the City of San Marcos.
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Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Copyright © 2022 Austin Board of Realtors