Property Description

Own a piece of downtown Georgetown with this prominent corner property at 1112 S. Rock Street, approximately one-quarter mile from the historic courthouse square. Within walking distance of downtown restaurants, boutiques and entertainment, the property offers historic character and visibility along SH 29/University Avenue in a sought-after downtown location. The approximately 1,961 SF building sits on 0.251 acre and is currently occupied by a hair salon under a single-tenant NNN lease through May 2028. Previously used as professional offices, the building features a flexible Office Suite configuration with 5 Suites (2 with dedicated private access), reception area, kitchen/break area, two restrooms, IT room, on-site parking, wraparound front porch and rear courtyard. Extensive renovations and capital improvements during current ownership include roof and decking replacement, exterior siding and porch repairs, interior and exterior painting, foundation repairs, plumbing and electrical upgrades, additional insulation, HVAC improvements, landscaping and fencing etc. MU-DT (Mixed Use Downtown) zoning, with up to 95% impervious coverage offers potential for future expansion, additional improvements or other value-add opportunities, subject to City approval, existing lease obligations and applicable development and historic preservation requirements. An opportunity to acquire an income-producing downtown asset with future repositioning potential. Offering memorandum available upon request.

Property Features