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4951 Fm 1283

Pipe Creek, TX 78063

$650,000 $2,740/Mo

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Overview

Bed

Bath

20,000

Sqft

1.05

Acres(Lot)

Description

High Cash Flow Mixed-Use Investment. 70% Occupied. Net Operating Income Positive As-Is at a 9% Cap Rate. Pro Forma Cap Rate 22%. Hill Country Market Place is an income-producing mixed-use asset located in the rapidly growing northwest San Antonio corridor, strategically positioned between Helotes, Bandera, Lakehills/Medina Lake, and Alamo Ranch. This property offers investors an exceptional opportunity to acquire a cash flowing commercial center with significant upside, anchored by a well-established restaurant, bar and entertainment venue, and custom cabinetry manufacturing and fabrication warehouse, office, and industrial yard for delivery and fleet vehicles. The center offers 20,000 square feet of lease space on just over 1 acre of land, with an approximate 65 parking spaces, situated o n a corner parcel on the FM 1283 thoroughfare that experiences 4,000 average vehicles per day. The property is currently ~70% occupied and producing income, with a pro-forma NOI of approximately $146,627, delivering a projected cap rate exceeding 22%. The existing tenancy provides immediate cash flow, while remaining vacancy and operational upside create strong buyer position on day one. Property includes a food truck/RV hookup, an upstairs apartment, and community and ensuite restrooms. Schedule your tour today!

Property Details

Property Type : Two Story

Price : $650,000

AD Id : 80130045

MLS Id : 1972994

Lot Size : 1.05 Acres

Living Area Size : 20,000

Year Built : 1997

County : Bandera

Subdivision: Medina Lake Estates

Map

What's Nearby

Nearby Areas

Features

Building Information

Year Built: 1997

Lot Information

Lot Size: 1.051 Main Square Feet: 20,000
Property Information

SQ ft: 20,000 Subdivision: MEDINA LAKE ESTATES

Listing Price Information

Original List Price: $650,000

Tax Information

Parcel Number: 15150000000020 Taxes: 6827.09

School Information

Elementary School: Hill Country Junior High School: Bandera Senior High School: Bandera School District: Bandera Isd

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
792 Alamo Beach Rd, Pipe Creek, TX, 78063	$894,000	--	--	3,304	3,304 SqFt

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of SABOR MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 SABOR MLS. All rights reserved.

ByOwner last updated this listing 06/08/2026 @ 11:01

MLS: 1972994 LISTED BY: Thomas Martinez, Leverage Realty Consulting Group 210-878-6683 SOURCE: SABOR - San Antonio