301 W Mercer St
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301 W Mercer St
6,000 SF 100% Leased Retail Building Dripping Springs, TX 78620 $2,890,000 ($482/SF)
Investment Highlights
- Heavy Foot Traffic
- Located in the Heart of Dripping Springs, 30 mins from Austin
- Frontage on Mercer Street
- 100% Occupied but can be negotiated for Owner/User
Executive Summary
• The building is located in the center of the main historic district of Dripping Springs.
• The property sits front and center on Mercer St.
• Nationally recognized historic building originally built in 1891.
• Four contiguous city lots in the main historic district of Dripping Springs.
• Six thousand square feet interior space.
• Two LUE's.
• Two existing businesses with shared foot traffic, with interior, middle passageway that locks when either business is closed.
• Covered walkway in front with lighting.
• Parking is ideal for the building with straight in parking off Mercer Street, College Street and a large parking lot behind the building.
• Fenced side yard for the coffee shop, fully landscaped.
• Loading dock for coffee shop.
• The only historic oak tree on Mercer Street, positioned at Northwest corner front of building. The tree is located on city property, but 301 Mercer Street is the beneficiary of the beauty and shade of the tree.
• Large oak positioned at back Southwest corner of building.
• Potential for second floor addition over Juniper Tree business.
This is a unique opportunity for someone with the foresight to understand the potential of this property given the on-going Dripping Springs housing growth, as Hays County is one of the fastest growing county’s in the nation.
**Left side of Building (Juniper Tree Market) comprised of 3,000sqft is currently being occupied by owner, can be vacated for new owner's use within a negotiated time frame. The Right side of building (Mazama Coffee Co) comprised of 3,000sqft has a lease through September 21st, 2027, with a Five-Year option to renew**
• The property sits front and center on Mercer St.
• Nationally recognized historic building originally built in 1891.
• Four contiguous city lots in the main historic district of Dripping Springs.
• Six thousand square feet interior space.
• Two LUE's.
• Two existing businesses with shared foot traffic, with interior, middle passageway that locks when either business is closed.
• Covered walkway in front with lighting.
• Parking is ideal for the building with straight in parking off Mercer Street, College Street and a large parking lot behind the building.
• Fenced side yard for the coffee shop, fully landscaped.
• Loading dock for coffee shop.
• The only historic oak tree on Mercer Street, positioned at Northwest corner front of building. The tree is located on city property, but 301 Mercer Street is the beneficiary of the beauty and shade of the tree.
• Large oak positioned at back Southwest corner of building.
• Potential for second floor addition over Juniper Tree business.
This is a unique opportunity for someone with the foresight to understand the potential of this property given the on-going Dripping Springs housing growth, as Hays County is one of the fastest growing county’s in the nation.
**Left side of Building (Juniper Tree Market) comprised of 3,000sqft is currently being occupied by owner, can be vacated for new owner's use within a negotiated time frame. The Right side of building (Mazama Coffee Co) comprised of 3,000sqft has a lease through September 21st, 2027, with a Five-Year option to renew**
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Year Built
1891
Price
$2,890,000
Price Per SF
$482
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.30
Land Acres
0.46 AC
Zoning
CS - Part of Historical Overlay in Dripping Springs
Parking
25 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | R26703 | Improvements Assessment | $217,280 |
| Land Assessment | $267,720 | Total Assessment | $485,000 |
PROPERTY TAXES
Parcel Number
R26703
Land Assessment
$267,720
Improvements Assessment
$217,280
Total Assessment
$485,000
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Scott Daves -
Stanberry Realtors
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301 W Mercer St
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