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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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215 Cheatham St , San Marcos, TX 78666
$325,000
Est. Payment: $1,635.52/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 28
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Jeannette Spinelli
Broker Associate & Founder
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House Description

Seller Financing Available. Located in the heart of San Marcos’ rapidly growing South Square District, 209 & 215 Cheatham Street offer a prime ±0.65-acre infill development site with exceptional flexibility and visibility. Zoned CD-5D (Downtown Character District) one of the city’s most versatile mixed-use designations. Supports higher-density residential, live-work, retail, hospitality, and mixed-use development. Developers can pursue either a fee-simple resale or rental-income strategy, with zoning allowing up to 24 units per acre for townhomes, multifamily, boutique commercial, or shopfront mixed-use concepts in a walkable urban setting. The site provides over 150 feet of frontage at Cheatham & McKie, with city water, wastewater, and electric available at the street, reducing start-up costs and accelerating development timelines. A recent survey is included. With the parcels positioned side-by-side, investors can design a unified site plan that consolidates parking, utilities, and circulation for greater efficiency, phased development, or shared infrastructure. The location offers strong long-term fundamentals: just ½ mile to Downtown San Marcos, 1 mile to Texas State University, and walking distance to local venues including Patio Dolcetto, Triple Six Social, and The Davenport. The San Marcos River is only blocks away, with connectivity to Austin and San Antonio via I-35 and Highway 123. For investors seeking a ready-to-build Central Texas opportunity with rare zoning flexibility, walkability, utilities in place, and accelerating demand, the Cheatham & McKie tract is a compelling mix of location, infrastructure, and development potential in one of San Marcos’ most active redevelopment corridors.
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Highlights

Listed by Ann Flink , 512-757-6163 Kelly Right Real Estate of Tex , 512-219-2829. Central Texas MLS

Property Type

Commercial Sale
Lot/Acreage
0.19

County

Hays

 Neighborhood

Katy Add

 School District

San Marcos Cisd

Listing ID

597557

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Other:Not Connected (at lot),Public

Exterior Features

Zoning:CD-5D
Others:To Be Built,Resale
Sewer:Not Connected (at lot),Public Sewer
Principal Interest
$1,636
Taxes
$207

Home Price

$325,000

Loan Details

30 yrs
6.454%

Down Payment

20%
$65,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,635.52

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,635.52 $207.19 $0.00 $1,842.71
Yearly $19,626.23 $2,486.25 $0.00 $22,112.48
Total $588,786.93 $74,587.50 $0.00 $663,374.43

Today's Rates

30 Year

6.45%

20 Year

6.2%

15 Year

5.87%

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Market insight data is pulled from the same city as the listing being viewed (San Marcos, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Central Texas MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-19T19:01:24.000Z

© 2026 Central Texas MLS