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Opportunistic/Value-Add, Seller Finance Avail 101 W Huebinger St

10,675 SF Retail Building Marion, TX 78124 $1,245,000 ($117/SF)

Investment Highlights

  • Great revitalization project as a destination development property in the "heart" of Marion
  • Many possibilities for revitalization and/or re-development
  • Sandwiched between Marion Highschool and the City Park
  • Encompasses 6 city lots or 3/4 of a city block
  • Easy to re-parcel the lots given the road frontage along three roadways
  • Expansive growth in the area, minutes from Schertz, Cibolo, New Braunfels and Seguin

Executive Summary

SVN | Traditions is pleased to be bring to market the unique opportunity to own a property in the heart of Downtown Marion, Texas, with the Seller offering an owner financing option. Long operated as the well-known Schulz Nursery that attracted customers from all over the county, the property most recently served as a mixed-use attraction. A Subway Restaurant occupied the building at the corner of W. Huebinger and S. Center Street, flanked by a gazebo and live music bandstand overlooking the beer garden and bar, with a building hosting a set of men's and women's restrooms. Adjacent and west of the bar and bandstand, are a series of structures for coved areas and greenhouses. There is a former residence used as an office and two metal, light industrial buildings offering storage or other complimentary uses.
The property is comprised of six city lots, each fronting both W. Huebinger and W. Otto, essentially encompassing 3/4 of a city block. Numerous possibilities to include a mixed-use destination with beer garden and bar, live music venue, restaurant or could be brought back to life as a nursery. An investor could lease buildings to multiple tenants, or partition the individual lots by selling off as seen fit. With the emerging market characteristics in the area, the property could be leased for income generation over the interim as a covered land play, putting a buyer in position to re-develop the site in the future, as warranted by demand.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,675 SF
Building Class
B
Year Built
1983
Price
$1,245,000
Price Per SF
$117
Tenancy
Single
Building Height
1 Story
Building FAR
3.55
Lot Size
0.07 AC
Zoning
C-1 - Commercial District
Frontage
200 FT on Center Street

Amenities

  • Corner Lot
  • Fenced Lot
  • Restaurant

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,317 SF
  • Retail
  • -
  • 30 Days
Space Size Space Use Position Available
1st Floor 1,317 SF Retail - 30 Days

1st Floor

Size
1,317 SF
Space Use
Retail
Position
-
Available
30 Days

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1G1990-0034-00810-0-00
Land Assessment
$23,075
Improvements Assessment
$145,061
Total Assessment
$168,136
  • Listing ID: 28607293

  • Date on Market: 5/30/2023

  • Last Updated:

  • Address: 101 W Huebinger St, Marion, TX 78124

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