San Marcos Real Estate Search

San Marcos Commercial Properties for Sale

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Newest San Marcos Commercial Properties for Sale

$1,800,000
605362 MLS
A Rare, Scaled Portfolio in a High-Demand Texas Market. Acquiring 12 units in a single transaction is exceedingly rare in Central Texas, delivering immediate scale, operational efficiency, and a diversified income stream from Day 1. All units share the same 2BR/2BA configuration, simplifying management, unit turns, and capital planning. San Marcos sits at the nexus of the I-35 corridor between Austin and San Antonio, home to 4 million+ residents and growing. Hays County has ranked among the fastest-growing counties in the nation for over a decade. Texas State University (38,000+ enrollment) anchors consistent renter demand, while proximity to Austin's tech economy and San Antonio's healthcare and military sectors add further depth. Proven Income, Four Consecutive Years of Growth Gross rental income has grown every year since 2022, from $151,541 to a projected $161,511 in 2025 (2.1% CAGR). Current rents remain $187 to $287/unit below market comparables of $1,350 to $1,450, representing meaningful upside captured organically as leases renew. $150,000 Per Door, Below Replacement Cost New construction in San Marcos routinely exceeds $200,000 per door. The buyer acquires stabilized, income-producing assets with existing tenants and management infrastructure. No construction risk, no lease-up period, no development timeline. Built in 2012 with a strong remaining useful life on all major systems. Twelve contiguous units across three adjacent parcels create exceptional leverage: one property manager, consolidated vendors, portfolio insurance, and unified accounting, all improving net cash flow versus scattered single-family rentals.

540-566 Crest Circle Drive, San Marcos

Courtesy of Andrew Phillips, Broker

$625,000
1921999 MLS
Two lots sold together. Seller Financing Available. In the heart of San Marcos' emerging South Square District, 209 & 215 Cheatham Street offer a rare opportunity to develop a high-visibility commercial site surrounded by culture, community, and growth. Just steps from the San Marcos River, this walkable location sits amid a thriving local business scene and is only blocks from Texas State University and the Downtown Square. With easy access to Highway 123 and I-35, it's perfectly positioned for future development at the intersection of small-town charm and downtown energy. Both Lots Combined ~0.65 acres Zoned CD-5D (Downtown Character District) City water, wastewater & electric available Private road, curb cuts, and storm-drain infrastructure in place Flat topography, partially wooded, ready for development Recent survey available Seller financing available Development Potential: CD-5D zoning allows a wide mix of uses that fit the walkable, urban core character of South Square: Multi-Family or Courtyard Housing (up to 24 units) Restaurant / Bar / Retail concepts Mixed-Use residential over commercial Boutique Hotel or Short-Term Rental Hub Creative Office or Studio Space Located in a close knit community of local businesses in a district coming alive with music, food, and energy. With the San Marcos River just down the street and 123 and I-35 blocks away, South Square is San Marcos' next development opportunity.

209 Cheatham, San Marcos

Listing courtesy of Listing Agent: Ann Flink (hello@annieflinkrealtor.com) from Listing Office: Kelly Right Real Estate of Tex.

$325,000
597557 MLS
Seller Financing Available. Located in the heart of San Marcos’ rapidly growing South Square District, 209 & 215 Cheatham Street offer a prime ±0.65-acre infill development site with exceptional flexibility and visibility. Zoned CD-5D (Downtown Character District) one of the city’s most versatile mixed-use designations. Supports higher-density residential, live-work, retail, hospitality, and mixed-use development. Developers can pursue either a fee-simple resale or rental-income strategy, with zoning allowing up to 24 units per acre for townhomes, multifamily, boutique commercial, or shopfront mixed-use concepts in a walkable urban setting. The site provides over 150 feet of frontage at Cheatham & McKie, with city water, wastewater, and electric available at the street, reducing start-up costs and accelerating development timelines. A recent survey is included. With the parcels positioned side-by-side, investors can design a unified site plan that consolidates parking, utilities, and circulation for greater efficiency, phased development, or shared infrastructure. The location offers strong long-term fundamentals: just ½ mile to Downtown San Marcos, 1 mile to Texas State University, and walking distance to local venues including Patio Dolcetto, Triple Six Social, and The Davenport. The San Marcos River is only blocks away, with connectivity to Austin and San Antonio via I-35 and Highway 123. For investors seeking a ready-to-build Central Texas opportunity with rare zoning flexibility, walkability, utilities in place, and accelerating demand, the Cheatham & McKie tract is a compelling mix of location, infrastructure, and development potential in one of San Marcos’ most active redevelopment corridors.

215 Cheatham Street, San Marcos

Courtesy of Kelly Right Real Estate of Tex

$625,000
596261 MLS
Two lots sold together. Seller Financing Available. In the heart of San Marcos’ emerging South Square District, 209 & 215 Cheatham Street offer a rare opportunity to develop a high-visibility commercial site surrounded by culture, community, and growth. Just steps from the San Marcos River, this walkable location sits amid a thriving local business scene and is only blocks from Texas State University and the Downtown Square. With easy access to Highway 123 and I-35, it’s perfectly positioned for future development at the intersection of small-town charm and downtown energy. Combined ~0.65 acres Zoned CD-5D (Downtown Character District) City water, wastewater & electric available Private road, curb cuts, and storm-drain infrastructure in place Flat topography, partially wooded, ready for development Recent survey available Seller financing available Development Potential: CD-5D zoning allows a wide mix of uses that fit the walkable, urban core character of South Square: Multi-Family or Courtyard Housing (up to 24 units) Restaurant / Bar / Retail concepts Mixed-Use residential over commercial Boutique Hotel or Short-Term Rental Hub Creative Office or Studio Space Why South Square: Located in a close knit community of local businesses in a district coming alive with music, food, and energy. With the San Marcos River just down the street and 123 and I-35 blocks away, South Square is San Marcos’ next development opportunity.

209 Cheatham Street, San Marcos

Courtesy of Kelly Right Real Estate of Tex

$325,000
1921994 MLS
Two lots sold together. Seller Financing Available. In the heart of San Marcos' emerging South Square District, 209 & 215 Cheatham Street offer a rare opportunity to develop a high-visibility commercial site surrounded by culture, community, and growth. Just steps from the San Marcos River, this walkable location sits amid a thriving local business scene and is only blocks from Texas State University and the Downtown Square. With easy access to Highway 123 and I-35, it's perfectly positioned for future development at the intersection of small-town charm and downtown energy. Combined ~0.65 acres Zoned CD-5D (Downtown Character District) City water, wastewater & electric available Private road, curb cuts, and storm-drain infrastructure in place Flat topography, partially wooded, ready for development Recent survey available Seller financing available Development Potential: CD-5D zoning allows a wide mix of uses that fit the walkable, urban core character of South Square: Multi-Family or Courtyard Housing (up to 24 units) Restaurant / Bar / Retail concepts Mixed-Use residential over commercial Boutique Hotel or Short-Term Rental Hub Creative Office or Studio Space Why South Square: Located in a close knit community of local businesses in a district coming alive with music, food, and energy. With the San Marcos River just down the street and 123 and I-35 blocks away, South Square is San Marcos' next development opportunity.

215 Cheatham, San Marcos

Listing courtesy of Listing Agent: Ann Flink (hello@annieflinkrealtor.com) from Listing Office: Kelly Right Real Estate of Tex.

$790,000
596308 MLS
An outstanding opportunity to acquire two adjoining properties in the heart of San Marcos—just a short walk from Texas State University and the Historic Downtown Square. This package includes a commercial building at 521 W Hutchison St and a multifamily property at 525 W Hutchison St, combining steady rental income with exceptional long-term potential. The commercial building zoned Mixed Use (521 W Hutchison St) features adaptable office or retail space with excellent street visibility, convenient parking, and flexible layouts—ideal for professional services, creative businesses, or boutique retail users. -- Next door, the multifamily property (525 W Hutchison St) includes two well-performing rental units: Unit A: 3 bed, 2 bath - historically leased for $2,100/month Unit B: 5 bed, 3 bath - features two refrigerators and two washer/dryer sets, historically leased for $2,900/month. Both units have shown strong occupancy and appeal to students and young professionals seeking proximity to campus and downtown amenities. -- Together, 521–525 W Hutchison St presents an attractive investment with diverse income streams, walkable convenience, and redevelopment potential under the city’s accommodating downtown zoning. Whether for an investor seeking dependable returns or an owner-user looking for a mixed-use asset with upside, this offering stands out as a rare opportunity in one of San Marcos’s most desirable locations.

521 & 525 W Hutchison Street, San Marcos

Courtesy of McNabb & Company Real Estate S

$975,000
591630 MLS
Available for the first time since 2002, this exceptional commercial property offers unbeatable positioning directly on the I-35 corridor in San Marcos, strategically located between Austin and San Antonio. The property delivers the perfect combination of high-visibility highway frontage with surprisingly easy accessibility, setting it apart from typical corridor properties. Situated among established businesses in a proven commercial area, this location provides both the exposure and convenience that successful businesses require. The well-maintained single-story office building features attractive curb appeal with a covered entrance and welcoming columned porch. Inside, the intuitive layout offers multiple private offices with an easy-to-navigate floor plan that has served distinguished tenants well, including an attorney's office and most recently a regional corporate office. With convenient parking in both front and rear areas, the property arrives in move-in ready condition ideal for immediate occupancy. This versatile property presents an excellent opportunity for both owner-occupants and investors. Professional service providers, including legal, medical, accounting, and insurance firms, will find the space perfectly suited to their needs, as will companies seeking regional or satellite offices in this thriving market. For investors, the property offers strong potential for immediate rental income in one of Texas's fastest-growing corridors. The combination of prime I-35 visibility, established commercial surroundings, dual parking areas, and flexible office layout creates a standout opportunity that rarely becomes available. After more than two decades of stable ownership, this represents a unique chance to acquire a turn-key commercial property in the competitive San Marcos market, where properties of this caliber are increasingly scarce.RetryClaude can make mistakes. Please double-check responses.

1712 N Interstate 35, San Marcos

Courtesy of Andrew Phillips, Broker

$2,500,000
591533 MLS
PRIME HISTORIC CORNER PROPERTY - DOWNTOWN SAN MARCOS TOWN SQUARE Commanding the premium hard corner of E Hopkins and S Guadalupe Streets in the heart of San Marcos' thriving downtown business district, this 1905 two-story historic brick building offers 17,584 square feet of space on a 9,043 square foot corner lot with direct town square frontage in the Historic District. The property benefits from T-5 zoning allowing flexible mixed-use development and sits within the Central Business Area (CBA), providing relaxed regulations on parking, signage, and on-premise alcohol consumption—ideal advantages for diverse business concepts. As part of the Main Street Program, Texas's oldest accredited program since 1986, the property qualifies for potential historic tax credits and development support. This rare corner property represents an exceptional investment opportunity in one of downtown's most sought-after locations. With a rich history as offices, apartments, and a department store, the building offers flexible redevelopment options for retail, office, residential, hospitality, or entertainment uses, with the second floor ready for transformation. Properties of this caliber and location rarely come to market. Positioned in one of the fastest-growing areas along the I-35 corridor, the property sits within walking distance of restaurants, shops, and entertainment venues. Texas State University's proximity drives consistent demand, while established foot traffic and year-round community events ensure steady activity. This landmark property offers a once-in-a-generation opportunity to shape downtown San Marcos's future while honoring its rich history.

101 E Hopkins Street, San Marcos

Courtesy of Andrew Phillips, Broker

$1,750,000
567764 MLS
*Income-Producing Mixed-Use Investment Opportunity* Exceptional opportunity to acquire a partially leased, income-producing commercial property on nearly one acre along highly visible Hopkins Street in San Marcos. This versatile investment consists of two buildings totaling 4,814 square feet, offering immediate cash flow with additional upside through the lease-up of the remaining available space. Building 1 (3,362 SF) is partially leased, with the remaining suites actively marketed for lease, creating the opportunity to increase occupancy and future income. Building 2 (1,452 SF) is fully leased, providing established rental revenue from day one. Zoned Mixed Use, the property offers exceptional flexibility for a variety of commercial and residential uses, supporting long-term investment value. The available suites feature a mostly white-box interior, allowing for efficient tenant finish-out and broad leasing appeal. Positioned on one of San Marcos' primary commercial corridors, the property benefits from excellent visibility, strong traffic counts, ample parking, and convenient access to IH-35, Texas State University, downtown San Marcos, and the area's continued residential and commercial growth. Whether you're expanding your commercial portfolio, completing a 1031 exchange, or seeking an investment with both current income and future upside, this property offers the rare combination of existing cash flow, leasing potential, and long-term appreciation. Contact Broker for more details.

715 W Hopkins Street, San Marcos

Courtesy of Monica & Company Real Estate

$4,000,000
1826845 MLS
Discover Enchanted Ranches, a premier event venue offering an unparalleled investment opportunity in the heart of the Texas Hill Country. Perfectly positioned between Austin and San Antonio, this stunning property captures the essence of the region's charm while delivering top-tier amenities and exceptional growth potential. Prime Location & Accessibility Located at 1300 Scull Rd., San Marcos, TX, Enchanted Estate enjoys unmatched access to two of Texas' most dynamic metropolitan areas. This strategic location ensures a steady flow of clients and a high demand for events, making it an ideal investment for those seeking a lucrative, long-term business opportunity. Expansive Property & Event Spaces Enchanted Estate spans an impressive property footprint, designed to host a variety of events, including weddings, corporate retreats, and concerts. Key features include: * Main Indoor Venue: Flexible space with the capacity to accommodate large-scale events, offering versatility for different layouts and setups. * Outdoor Event Area: Spacious grounds capable of hosting significant guest numbers, with plans for shaded gazebos to enhance the outdoor experience. * Elegant Pergolas: Two expansive pergolas provide additional seating options, perfect for cocktail hours and intimate gatherings under the Texas sky. * Charming Altar: A picturesque altar, ideal for intimate ceremonies, adding a timeless appeal to the venue. * Rustic Barn: A versatile barn structure, blending rustic charm with functionality for unique event opportunities. Modern Enhancements & Eco-Friendly Upgrades The venue features recent upgrades aimed at enhancing guest experience and operational efficiency: * Natural Light & Aesthetic Appeal: Large window installations offer stunning views and bring natural light into the indoor spaces. * Sturdy Infrastructure: Upgraded beams and a retrofitted metal roof ensure both durability and visual appeal. * Sustainable Features: A Tesla charging station, * Enhanced Comfort: An advanced HVAC system provides superior climate control, ensuring guest comfort throughout the year. Versatile Facilities & Thoughtful Layout Enchanted Estate includes well-designed facilities that support seamless event operations: * Gorgeous Bridal Suite features a stunningly displayed area for the bridal crew to relax and spend time in while awaiting the onset of the ceremony. * Ranch Groom Room: A private space for pre-event preparations, adding convenience for wedding parties and event hosts. * Ample Storage: Dedicated storage areas ensure efficient management of supplies and equipment. * Professional Office Space: An on-site office allows for easy administration and event coordination, streamlining operations. Hill Country Appeal & Growth Potential The venue's location in the coveted Texas Hill Country offers breathtaking natural beauty and a serene backdrop, making it a sought-after choice for a wide range of events. As the region continues to grow, driven by development in nearby Austin and San Antonio, the demand for premier event venues like Enchanted Estate is set to increase, further enhancing its value and profitability. A Rare Opportunity in the Heart of Texas Enchanted Estate is not just a venue; it's a thriving business and a unique opportunity to own a prestigious piece of the Texas Hill Country. With its extensive upgrades, versatile event spaces, and prime location, this property offers a powerful blend of charm, modern amenities, and incredible potential for growth. Take the Next Step Toward Ownership Experience the allure and potential of Enchanted Estate. Schedule a private tour and explore how this exceptional venue can be the cornerstone of your investment portfolio. Don't miss your chance to own a signature property in one of Texas' most desirable regions!

1300 Scull Rd, San Marcos

Listing courtesy of Listing Agent: Anna Ghalumian (realtorannag@gmail.com) from Listing Office: Real Broker, LLC.

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