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$ 790,000
Est. payment /mo
New
1986 Fm 3240 Bandera, TX 78003
8,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Active
Purchase Type For Sale
Square Footage 8,250 sqft
Price per Sqft $95
MLS Listing ID 1992274
Construction Status Metal,Metal Structure
Year Built 1997
Annual Tax Amount $7,767
Lot Size 2.884 Acres
Property Sub-Type Commercial Improved Prop
Property Description
Excellent Investment Opportunity in the Growing Texas Hill Country! Located less than 3 miles from downtown Bandera, this established 62-unit self-storage facility offers immediate cash flow, proven performance, and exceptional upside potential. Situated on 2.884 acres, the property features substantial excess land, providing ample room for facility expansion, additional storage units, RV and boat storage, trailer parking, contractor yards, or other income-producing improvements. The property boasts approximately 260 feet of Highway 3240 frontage and nearly 483 feet of depth, offering excellent visibility, accessibility, and exposure in a rapidly growing market. The facility has maintained 100% occupancy throughout the current owner's ownership, demonstrating strong demand and consistent revenue generation. Current rents are believed to be below market, creating a significant opportunity for a new owner to increase revenue through rental rate adjustments while capitalizing on continued demand in the area. With virtually no vacancy history and strong local growth, investors have the opportunity to enhance cash flow through both operational improvements and physical expansion. The property's excess acreage provides tremendous flexibility for future development, including additional storage buildings, covered parking, RV and boat storage, trailer parking, equipment storage, or other value-add uses. Few properties offer this combination of stable income, expansion potential, and under-market rents. Property Highlights: Established 62-unit self-storage facility 2.884 acres with substantial excess land Approximately 260 feet of Highway 3240 frontage Less than 3 miles from downtown Bandera Consistent occupancy under current ownership Under-market rents with immediate revenue growth potential Significant upside through expansion and rate optimization Potential for RV, boat, trailer, and equipment parking Strong visibility, accessibility, and demand drivers Immediate cash flow with long-term value-add opportunities This is a rare opportunity to acquire a high-performing storage facility with multiple avenues for growth, including rental increases, additional storage development, and expansion into RV, boat, and trailer parking. The combination of strong occupancy, under-market rents, and abundant expansion space creates a compelling investment opportunity in the thriving Texas Hill Country.
Location
State TX
County Bandera
Area 2400
Zoning COMMERCIAL
Interior
Heating None
Cooling None
Exterior
Garage Spaces 100.0
Utilities Available Electricity
Amenities Available Exterior Lighting, Inside Storage
Roof Type Metal
Building
Story 1
Foundation Slab
Level or Stories 1
Construction Status Metal,Metal Structure
Schools
School District Bandera Isd
Listed by Charles Acosta • RE/MAX Preferred, REALTORS • (210) 483-5000