702 S Washington Highway, Fredericksburg, TX

$2,650,000

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1.95

Acres

About 702 S Washington Highway

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.

Features of 702 S Washington Highway

MLS® # 5684016
Price $2,650,000
Bathrooms 0.00
Acres 1.95
Year Built 1992
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 702 S Washington Highway
Area GP
Subdivision G E Co #50
City Fredericksburg
County Gillespie
State TX
Zip Code 78624

Amenities

Utilities Electricity Available, Water Connected
Parking See Remarks
Is Waterfront No
Has Pool No

Interior

Interior See Remarks
Heating None
Fireplace No

Exterior

Construction See Remarks
Foundation Slab

Additional Information

Date Listed March 25th, 2026
Days on Market 164
Zoning C-2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReata Ranch Realty, LLC
Contact Info(830) 992-3045
Office Contact(830) 992-3045

Listing Map

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