Commercial · Texas · Fredericksburg, Texas
For Sale · Retail · 9,234 SF ·
The Courtyard is a distinctive, curated mixed-use property in the heart of historic downtown Fredericksburg, Texas — one of the nation's most visited small-city tourism destinations. Occupying an entire block on Main Street, the fully renovated, 9,234± SF development combines eight complementary income streams across food & beverage tenants, hotel partnership income, a residential apartment, a private events venue, and EV charging infrastructure into a single, highly synergistic hospitality-oriented asset. Current tenants and revenue sources include a Waldorf Astoria liaison office (serving as the sales and planning headquarters for the brand's 106-acre Waldorf Astoria Texas Hill Country Resort & Residences), an 8-stall Tesla V4 Supercharging station generating passive income, The Harvey private event venue, and locally beloved operators Six Twists and Ocotillo. A renovated apartment overlooking the creek and downtown carries a one-year lease in place, and the Main Street-fronting storefront is available for owner-occupancy or lease. A separate vacant building at the rear of the property offers potential for an eighth tenant and additional revenue. The property sits at the epicenter of two transformational hotel developments — the Kimpton-operated The Meuse (200+ rooms) and the Waldorf Astoria Hill Country (100+ keys) — both opening in late 2027–2028 within immediate proximity, positioned to significantly increase demand for the property's event and retail income streams.
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Property Details
| Zoning | CBD – Central Business District |
|---|---|
| Parking | 16 spaces (1.73 spaces per 1,000 SF leased) |
| Frontage | 100' on East Main Street |
| Lot Size | 0.90± AC |
| Year Built | 1995 (extensively renovated) |
| Building Height | 2 stories |
| Building FAR | 0.24 |
| Percent Leased | 85% |
| Cap Rate | 5.79% |
| NOI | $750,000 |
| Price Per SF | $1,402.43 |
| Tenancy | Multiple (NNN — tenants pay property taxes, insurance, utilities, maintenance) |
| Gross Revenue | $72,500/month ($870,000/year) at baseline configuration |
Property Highlights
- 9,234± SF fully renovated, multi-tenant Main Street asset occupying an entire city block in downtown Fredericksburg
- $12,950,000 asking price at a 5.79% cap rate and $750,000 NOI
- Eight complementary income streams under NNN lease structures, minimizing landlord operating exposure
- Waldorf Astoria liaison office — sales, planning, and pre-construction HQ for their 106-acre Hill Country Resort & Residences
- Tesla Supercharging station (108 S Elk St) with 8 next-gen V4 stalls, generating $10,000/month in passive income
- Positioned between two major hotel openings (2027-2028): Kimpton's The Meuse (200+ rooms) and Waldorf Astoria Hill Country (100+ keys)
- The Harvey — private event venue accommodating up to 100 guests with commercial catering kitchen and bar
- Six Twists — high-end wine and champagne lounge anchoring Main Street foot traffic
- Ocotillo — wine and chocolate bar complementing Six Twists' upscale clientele
- Renovated residential apartment (104B Elk St) with a one-year lease in place
- Vacant Main Street storefront (421 E Main) available for owner-occupancy or lease-up
- Additional vacant rear building offering potential for an 8th tenant/revenue stream
- Architectural design rooted in Fredericksburg's German heritage — custom rock details, clear alder millwork, exposed beams
- 100' of frontage on East Main Street in Fredericksburg's Central Business District (CBD) zoning
- 16 on-site parking spaces
- Notable ownership/brokerage track record includes The Boerne Mercantile, The William "Crescent Quarters," and Historic Bergmann Lumber Property
Property Video
Documents
Area & Market
[AREA & MARKET SLOT — trade area, demographics, traffic, and market context. Source: Dana (fallback: generic input). SEO + GEO.]
Location
Approximate location. Boundary lines are for illustration only and are not a survey.
Listing Agents
Frequently Asked Questions
What is the asking price for The Courtyard?
The Courtyard is listed at $12,950,000, reflecting a 5.79% cap rate on $750,000 in NOI.
How big is The Courtyard?
The property spans 9,234± square feet on a 0.90± acre lot, occupying an entire block on East Main Street in downtown Fredericksburg.
What is the property's zoning?
The Courtyard is zoned CBD (Central Business District), with 100' of frontage on East Main Street.
How many tenants does The Courtyard have?
The property is designed around eight complementary income streams, including Waldorf Astoria, Tesla Supercharging, The Harvey, Ocotillo, Six Twists, a private events venue, a residential apartment, and a vacant Main Street storefront available for lease or owner-occupancy.
Is The Courtyard currently leased?
The property is 85% leased under NNN lease structures, which pass property taxes, insurance, utilities, and maintenance through to tenants.
What is significant about the Waldorf Astoria connection?
The Courtyard hosts the official pre-sales and planning headquarters for Waldorf Astoria's 106-acre Texas Hill Country Resort & Residences, Texas's first Waldorf Astoria property.
Does the property generate income from EV charging?
Yes. A Tesla Supercharging station at 108 S Elk Street features 8 next-generation V4 stalls (up to 325 kWh) and generates approximately $10,000/month in passive income.
What upcoming developments could impact this property?
Two major hotel projects are opening in immediate proximity in late 2027-2028: the Kimpton-operated The Meuse (200+ rooms) and the Waldorf Astoria Hill Country (100+ keys), both expected to increase demand for the property's event and retail revenue streams.
Is there room to add tenants or revenue streams?
Yes. A vacant Main Street storefront (421 E Main) is available for lease or owner-occupancy, and a separate vacant building at the rear of the property offers potential for an eighth tenant.
How much parking is available?
The property includes 16 on-site parking spaces, equal to 1.73 spaces per 1,000 SF leased.
Who is the listing broker?
The Courtyard is exclusively listed by Charlie Riddle, Partner and Director of Commercial Real Estate at Legacy Broker Group (210.383.0007).
Work with Legacy Broker Group
Our Commercial division represents buyers, sellers, and investors across the Texas Hill Country and beyond. Talk to a commercial advisor.