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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Verified property facts
702 S Washington Hwy is a Commercial Sale built in 1992 featuring 0 bedrooms, 1.95-acre lot.
702 S Washington Hwy is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 702 S Washington Hwy is $16,678. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($570,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 702 S Washington Hwy is around $16,178 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
Prime commercial investment opportunity in the heart of Fredericksburg, Texas. Situated at 702 S. Washington Street (State Highway 87), this property offers exceptional visibility and access along a high-traffic corridor just minutes from Fredericksburg’s historic Main Street, a premier destination in the Texas Hill Country. Fredericksburg’s robust tourism economy, anchored by its renowned wineries, hospitality sector, and vibrant downtown, drives consistent year-round visitor traffic and supports strong commercial demand. The site benefits from direct frontage on SH 87 with convenient access to U.S. Highway 290, connecting Austin, San Antonio, and the Hill Country wine region. According to Texas Department of Transportation (TxDOT) data, S. Washington Street experiences approximately 7,000–10,000 vehicles per day, providing excellent exposure. Nearby Highway Street supports additional traffic of 2,000–7,000 vehicles daily, reinforcing steady local circulation and accessibility. Surrounded by established residential neighborhoods, lodging properties, and local businesses, the property benefits from a dynamic mix of local consumer base and tourism-driven activity. Continued population growth and sustained visitor demand position Fredericksburg as one of the strongest small-market investment environments in Texas. Key Highlights • Prime frontage on S. Washington Street (SH 87) • High visibility with strong daily traffic counts • Proximity to Main Street retail, dining, and wineries • Located in a high-demand, tourism-driven market • Flexible commercial potential (buyer to verify zoning and uses) • Partially approved strip center plans convey with sale • Improvements offered “as-is” Ideal for retail, office, hospitality, or redevelopment, this offering presents a rare opportunity to acquire a strategically located asset in one of the most desirable commercial corridors in the Texas Hill Country.
Property Type
Commercial Sale
Year Built
1992
Lot Size
1.95 acres
Listed by Reata Ranch Realty, LLC
Property Details
Flooring
Construction
Foundation
Parking
20% ($570K)
$2,850,000
Luxury property intelligence
A sourced read on G E Co #50 pricing, timing, and property scale. No automated valuation claim.
List price
$2,850,000
Price per sqft
Not available
Vs. G E Co #50 median
Not available
Days on market
47 days
Original to current
No verified reduction
$2.9M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 10, 2026.
Request Private Market AnalysisAt $2,850,000, 702 S Washington Hwy is in the G E Co #50 market where there are currently 49 active listings in 78624.
702 S Washington Hwy was built in 1992 (34 years ago). Buyers should budget for potential updates to major systems.
702 S Washington Hwy sits on a 1.95-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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