1670 Hwy. 71
1670 State Highway 71, Bastrop, TX, 78602, US
779 m²
Descrição
JLL is pleased to present the exclusive offering of East Hopkins, a historic mixed-use asset located on the prized San Marcos Square in the heart of downtown San Marcos, Texas. The property comprises 17,423 SF across two stories, featuring 4,370 SF of street-level retail and 13,053 SF of first and second-floor office space. Its irreplaceable location and strong visibility have historically supported high occupancy with a well-diversified tenant mix.
The asset delivers stable year 1 in-place cash flow of $281,283, anchored by a popular restaurant on the ground floor. Originally constructed in 1890, the property sits within both the National Register District and the San Marcos Local Historic District, providing investors with future optionality through eligibility for federal and state historic tax credits. This offering represents a rare opportunity to acquire a landmark property with reliable income in one of the fastest-growing corridors in the nation.
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Atributos
Área de construção líquida
1.619 m²
Ocupação
98%
Ano de construção
1992
WALT
1 anos
Media
Destaques do investimento
Irreplaceable Downtown Location
Walk score of 95 on the historic San Marcos Square, steps from Texas State University’s campus.
Rapid Growth of Texas State University
With Texas State joining the PAC-12, it reaches a record-breaking enrollment of 44,596 students.
Compelling Value-Add Opportunity
Short-term lease expirations and mark-to-market rental upside provide a clear path to increased NOI through strategic leasing and rent growth.
Limited Downtown Supply
Located within San Marcos' historic downtown where future development opportunities are constrained, supporting long-term occupancy and rent growth.
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East Hopkins (0 Propriedades)
