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.