209 Cheatham

San Marcos, TX 78666 · Hays County

$625,000Price
209 Cheatham
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Description

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.

Contact Agent

C
Col Realty
Col Realty
(512) 699-3810

Property Details

StatusActive
MLS #ACT210097166
Taxes$2,406 (2025) / year
TypeCommercial Sale
Year Built2026
Lot Size0.46 AC / 19,863 SF
CountyHays
SubdivisionKaty Add

Property Information

Parking

Driveway

Utilities & Construction

Heat: NoneAC: NoneSee Remarks

Directions: from I-35 South, take exit 204. Cross the river ad turn right on McKie Street. Continue 4 blocks. Property is at the intersection of Mckie and Cheatham.

Location

Property History

DateEventPrice
Feb 15, 2026 Listed (Active) · MLS# ACT210097166 $625,000

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

Public Records

Tax Record 2025$2,406
Year Built2026
Lot Size19,863 Sq. Ft.
StyleCommercial Sale
CountyHAYS
MLS #ACT210097166
$625,000
209 Cheatham, San Marcos, TX

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Payment Estimate

Estimated monthly payment
Principal & Interest
Property Taxes

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