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Property Description
Prime commercial opportunity in the heart of Fredericksburg, Texas. Ideally situated at 702 S. Washington Street, this property offers exceptional visibility and accessibility just minutes from Main Street and the central business district. Positioned along a well-traveled corridor, the site benefits from strong local and tourist traffic, making it an ideal location for retail, office, hospitality, or mixed-use development. Fredericksburg is one of Texas' premier tourism destinations, known for its thriving wine industry, vibrant downtown, and consistent year-round visitor activity. The property's location along South Washington Street (State Highway 87) provides convenient connectivity to major routes including U.S. Highway 290, a primary artery for visitors traveling between Austin, San Antonio, and the Texas Hill Country. According to the Texas Department of Transportation (TxDOT) Traffic Count Database (STARS II), this corridor experiences steady daily traffic volumes, contributing to strong exposure and business potential. TxDOT collects Annual Average Daily Traffic (AADT) counts statewide to measure roadway usage and patterns, providing reliable data for commercial site evaluation. The property is surrounded by a mix of established residential neighborhoods, lodging options, and local businesses, creating a consistent flow of both local and visitor traffic. Fredericksburg's continued growth and popularity as a weekend destination further enhance the long-term investment appeal of this location. Key Highlights: Strategic location on S. Washington Street (SH 87) High visibility with consistent traffic flow Minutes to Main Street shopping, dining, and wineries Strong tourism-driven economy Flexible commercial potential (buyer to verify zoning and use) Ideal for retail, office, or redevelopment Whether you are looking to establish a business, expand your portfolio, or invest in one of the fastest-growing markets in the Texas Hill Country, this property offers a rare opportunity to secure a well-positioned commercial site in Fredericksburg. Buildings are sold "as is". Seller has partially-approved plans for Strip Center which convey with sale of the property. Positioned along S. Washington Street (US Hwy 87 ), the property benefits from strong daily traffic counts estimated between 7,000 and 10,000 vehicles per day, according to TxDOT data. Highway Street, a key collector route serving surrounding residential areas, carries approximately 2,000 to 7,000 vehicles per day, further contributing to consistent local traffic flow and accessibility.
Full Property Details
Full Property Details for 702 S Washington St
General
- Price: $2,850,000
- Taxes: $16,677
- Status: Active
- Type: Commercial
- Source: 1210
- MLS ID: 104003
- Updated: 3/23/2026
- Added to Site: 1 day(s) ago
Parking
- Parking: On Street, Gravel
Location
- County: Gillespie
- Subdivision: N/A
School Information
- School District: Fredericksburg
Heating & Cooling
- Heating Type: None
Utilities
- Utility Description: Water Connected, City Electric
Structural Information
- Architectural Style: City Commercial, Commercial
- Construction: Steel Siding, Concrete
- Roof: Metal
- Square Feet: Other
- Sq. Ft. Source: GCAD
Lot Features
- Lot Size (Acres): 1.95
- Topography: Level
- Zoning: C-2
- Fencing (Description): Partial, Wire
Financial Considerations
- Tax Amount: $16,677
Listed by Reata Ranch Realty, LLC (325) 347-4702
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Schools
Schools serving 702 S Washington St
School District:Fredericksburg Independent School District
| Name | Grades | Distance |
|---|---|---|
Fredericksburg Primary School 1110 South Adams Street, Fredericksburg, TX 78624 | PK-K | 0.4 mi |
Fredericksburg Elementary School 1608 North Adams Street, Fredericksburg, TX 78624 | 1-5 | 2.1 mi |
Stonewall Elementary School 220 Peach Street, Stonewall, TX 78671 | K-5 | 12.7 mi |
Fredericksburg Middle School 110 West Travis Street, Fredericksburg, TX 78624 | 6-8 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 702 S Washington St
Date
Details
Price
Change
Source
3/23/2026
Listed
$2,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 702 S Washington St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,304
1%
$1,308,960
1%
2023
$16,193
—
$1,302,330
-1%
2023
$16,193
7%
$1,321,810
34%
2021
$15,139
-8%
$984,570
-10%
2022
$16,407
—
$1,097,840
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 702 S Washington St
702 S Washington St, Fredericksburg, TX 78624 (MLS# 104003) is a Commercial property. 702 S Washington St is currently listed for $2,850,000 and was received on March 23, 2026. Want to learn more about 702 S Washington St? Do you have questions about finding other Commercial real estate for sale in Fredericksburg? You can browse all Fredericksburg real estate or contact a Coldwell Banker agent to request more information.

