The Whistle Pik Gallery is a rare investment opportunity in Fredericksburg, TX. The property is next to Baron's Creek on almost an acre of land in the heart of the tourism and shopping attractions of Main Street (Central Business District & Historic Shopping District). Fredericksburg was recently named as the #2 small town in the "South" by Southern Living Magazine. Whistle Pik Galleries has five buildings on the corner of Main Street (~100 feet frontage) and Elk Street (~400 feet frontage) totaling over 9,800 square feet of rentable space. The size and location of this property provides an opportunity for great cash flow opportunity with a CAP rate conservatively estimated over 7%. Three buildings were built with exterior walls as the load bearing walls to allow for easy configuration change for shopping, office space, or a winery tasting room. A two-story historic "Ransleben" home offers a multitude of options for commercial opportunities or a bed & breakfast. The fifth building is a historic structure near the parking lot that is currently used for storage. The four main structures surround a remarkable courtyard which is idyllic for weddings, entertaining, or the attraction of customers from one building to the next. The Owner/Landlord currently occupies 425 Main St (2,719 sq ft), 423 Main St (2,674 sq ft) & 108 Elk (707 sq ft). All tenants are currently operating on a 1-year lease are Main Streets of Texas at 421 Main St (1,320 sq ft) and Tanglewood Partners (2nd floor) at 104 Elk (1,118 sq ft). The first floor of 104 Elk (1,300 sq ft) is newly available for rent. Fredericksburg is experiencing tremendous growth in tourism, shopping, and overnight guests. The significant financial investments in the wine industry around Fredericksburg has increased tourism and traffic [...]
