616 N Main St
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616 N Main St
1,833 SF Office Building Boerne, TX 78006 £550,722 (£300/SF) 4.20% Net Initial Yield
Executive Summary
616 N Main Street is a 100% leased commercial asset on coveted Main Street Boerne TX. The Historic 1928 structure has been completely restored and is currently leased as a medical/counseling group. The 1,833+\- sf commercial building sits on .29 acres with a large developable parcel in the rear. The property is zoned C2 in the City of Boerne and has full utilities. Current tenants lease is up 5/31/2025 and they have an option to extend at Market Rate. Call Charlie Riddle for details 210.383.0007
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
1,833 SF
Building Class
C
Year Built
1928
Price
£550,722
Price Per SF
£300
Net Initial Yield
4.20%
NOI
£23,130
Tenancy
Single
Number of Floors
1
Typical Floor Size
1,833 SF
Building FAR
0.15
Land Acres
0.29 AC
Parking
15 Spaces (8.18 Spaces per 1,000 SF Leased)
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 27503 | Improvements Assessment | £153,494 |
| Land Assessment | £201,556 | Total Assessment | £355,050 |
PROPERTY TAXES
Parcel Number
27503
Land Assessment
£201,556
Improvements Assessment
£153,494
Total Assessment
£355,050
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Charles Riddle -
Legacy Broker Group
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616 N Main St
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