301 W Mercer St

Investment Highlights

Heavy Foot Traffic Located in the Heart of Dripping Springs, 30 mins from Austin Frontage on Mercer Street 100% Occupied but can be negotiated for Owner/User

Executive Summary

? The building is located in the center of the main historic district of Dripping Springs.? The property sits front and center on Mercer St. ? Nationally recognized historic building originally built in 1891.? Four contiguous city lots in the main historic district of Dripping Springs.? Six thousand square feet interior space. ? Two LUE's.? Two existing businesses with shared foot traffic, with interior, middle passageway that locks when either business is closed.? Covered walkway in front with lighting.? Parking is ideal for the building with straight in parking off Mercer Street, College Street and a large parking lot behind the building. ? Fenced side yard for the coffee shop, fully landscaped.? Loading dock for coffee shop.? The only historic oak tree on Mercer Street, positioned at Northwest corner front of building. The tree is located on city property, but 301 Mercer Street is the beneficiary of the beauty and shade of the tree. ? Large oak positioned at back Southwest corner of building.? Potential for second floor addition over Juniper Tree business. This is a unique opportunity for someone with the foresight to understand the potential of this property given the on-going Dripping Springs housing growth, as Hays County is one of the fastest growing county?s in the nation.**Left side of Building (Juniper Tree Market) comprised of 3,000sqft is currently being occupied by owner, can be vacated for new owner's use within a negotiated time frame. The Right side of building (Mazama Coffee Co) comprised of 3,000sqft has a lease through September 21st, 2027, with a Five-Year option to renew**

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office Freestanding
• Building Size    6,000
• Year Built    1891
• Price    2,890,000
• Price Per SF    482
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Loading Docks    1 Exterior
• Building FAR    0.30
• Land Acres    0.46 AC