702 Washington

Fredericksburg, TX 78624 · Gillespie County

$2,850,000Price
11,700Sq. Ft.
$244/ Sq. Ft.
702 Washington
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Description

Prime commercial investment opportunity in the heart of Fredericksburg, Texas. Situated at 702 S. Washington Street (State Highway 87), this property offers exceptional visibility and access along a high-traffic corridor just minutes from Fredericksburg’s historic Main Street, a premier destination in the Texas Hill Country. Fredericksburg’s robust tourism economy, anchored by its renowned wineries, hospitality sector, and vibrant downtown, drives consistent year-round visitor traffic and supports strong commercial demand. The site benefits from direct frontage on SH 87 with convenient access to U.S. Highway 290, connecting Austin, San Antonio, and the Hill Country wine region. According to Texas Department of Transportation (TxDOT) data, S. Washington Street experiences approximately 7,000–10,000 vehicles per day, providing excellent exposure. Nearby Highway Street supports additional traffic of 2,000–7,000 vehicles daily, reinforcing steady local circulation and accessibility. Surrounded by established residential neighborhoods, lodging properties, and local businesses, the property benefits from a dynamic mix of local consumer base and tourism-driven activity. Continued population growth and sustained visitor demand position Fredericksburg as one of the strongest small-market investment environments in Texas. Key Highlights • Prime frontage on S. Washington Street (SH 87) • High visibility with strong daily traffic counts • Proximity to Main Street retail, dining, and wineries • Located in a high-demand, tourism-driven market • Flexible commercial potential (buyer to verify zoning and uses) • Partially approved strip center plans convey with sale • Improvements offered “as-is” Ideal for retail, office, hospitality, or redevelopment, this offering presents a rare opportunity to acquire a strategically located asset in one of the most desirable commercial corridors in the Texas Hill Country.

Contact Agent

C
Col Realty
Col Realty
(512) 699-3810

Property Details

StatusActive
MLS #ACT223635370
Taxes$16,678 (2025) / year
TypeCommercial Sale
Year Built1992
Living Area11,700 Sq. Ft.
Lot Size1.95 AC / 84,985 SF
CountyGillespie
SubdivisionG E Co #50

Property Information

Parking

See Remarks

Utilities & Construction

Heat: NoneAC: NoneSee RemarksFoundation: Slab

Directions: From Main Street in Fredericksburg travel S on Washington/Hwy 87S. Property is on the corner of Hwy 87 and Highway Street

Location

Property History

DateEventPrice
May 18, 2026 Listed (Active) · MLS# ACT223635370 $2,850,000

Full transaction history may not be available. Data sourced from ACTRIS MLS.

Public Records

Tax Record 2025$16,678
Total Sq. Ft.11,700
Year Built1992
Total Sq. Ft.11,700
Lot Size84,985 Sq. Ft.
StyleCommercial Sale
CountyGILLESPIE
MLS #ACT223635370
$2,850,000
702 Washington, Fredericksburg, TX

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Payment Estimate

Estimated monthly payment
Principal & Interest
Property Taxes

For illustrative purposes only. Contact a lender for accurate figures.