PRIME HIGHWAY FRONTAGE
ONLY 30 MIN FROM FREDERICKSBURG

Location & Access

The property sits 1.6 miles just west of the growing town of Harper with 150’ or 0.03 miles of frontage along the north line of US-290. Charming Fredericksburg is an easy 25-minute drive from the property via US-290 and San Antonio is 1-hour, 30-minute drive via US-290 and I-10.

Property Address: 24824 US Hwy 290, Harper, TX 78631.

Improvements

There are three houses on the property that were at one time used as rental properties.  There is deferred maintenance needed on all three structures, but with the lack of rental housing in the area these houses could provide a reliable income stream once updated.

Manufactured Home (front)

·         1,120 SqFt of living space

·         Manufactured in 1999

·         Most recent monthly rent was $1,200/month

Farmhouse (middle)

·         965 SqFt of living space

·         240 SqFt detached garage

·         Built in 1926

·         Most recent monthly rent was $1,000/month

Manufactured Home (back)

·         1,574 SqFt of living space

·         Manufactured in 1998

·         Most recent monthly rent was $1,300/month

Water, Roads, Electricity & Fencing

There is one (1) water well on the property that sits behind the farmhouse.  All three structures are serviced by this well.  There is an entry road/driveway that runs along the east boundary of the property from the southeast corner to the northeast corner.  CTEC electricity is on-site and services all three structures.  The property is perimeter fenced and in average condition.

Summary

US-290 Harper Commercial is a unique property that sits only 2 minutes west of Harper and has the potential to be improved and brought up to date as a portfolio of rental homes or could be razed and utilized as a commercial property.  Small, unrestricted properties with strong income potential and prime US-290 frontage are hard to come by.

Financial / Title

US-290 HARPER COMMERCIAL, as described herein (2.841± ac), is offered at $525,000 in Cash or at Terms acceptable solely at the discretion of the Seller. 

The conditions of sale are as follows:

1. Offers to purchase or letters of intent must be in writing and accompanied by 1.00% of the purchase price to the escrow account at Hill Country Titles of Fredericksburg, TX.

2. The Sellers will provide and pay for a standard owner’s title insurance policy.  Title to the real property will be conveyed by a general or special warranty deed.

3. The Sellers will provide an exiting survey. 

4. Mineral rights which the Sellers own will be conveyed to the Buyer at Closing.

5. Mineral rights will be reserved by the Seller at Closing.

6. The property lies in the Harper ISD.

7. The 2022 estimated property taxes were $2,823.27.  The property is not ag-exempt.

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