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.
Details
MLS #
597557
Listing Type
For Sale
Style
Commercial
Sub-Type
Resale
Status
Active
Listing Provided By
Kelly Right Real Estate of Tex | Ann Flink
Features
Zoning
CD-5D
Acreage
0.19
Property View
None
Parking
Parking Features
None
Location
Community Features
None
Area Information
State
TX
County
Hays
City
San Marcos
Zip Code
78666
Community Name
Katy Add
Sourced by Back At You
MLS Number: 597557
Ann Flink – (512) 757-6163 – hello@annieflinkrealtor.com
Kelly Right Real Estate of Tex – (512) 219-2829 – rickisellstexas@gmail.com
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MLS Number: 597557
Ann Flink – (512) 757-6163 – hello@annieflinkrealtor.com
Kelly Right Real Estate of Tex – (512) 219-2829 – rickisellstexas@gmail.com
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