4951 FM1283, Lakehills, TX 78063 For Sale

High Cash Flow Mixed-Use Investment | 70% Occupied | Pro Forma Cap Rate >22%

Hill Country Market Place is an income-producing mixed-use asset located in the rapidly growing northwest San Antonio corridor, strategically positioned between Helotes, Bandera, Lakehills/Medina Lake, and Alamo Ranch. This property offers investors an exceptional opportunity to acquire a cash flowing commercial center with significant upside, anchored by a well-established restaurant, bar and entertainment venue, and custom cabinetry manufacturing and fabrication warehouse, office, and industrial yard for delivery and fleet vehicles.

The center offers 20,000 square feet of lease space on just over 1 acre of land, with an approximate 65 parking spaces, situated on a corner parcel on the FM 1283 thoroughfare that experiences 4,000 average vehicles per day. The property is currently ~70% occupied and producing income, with a pro forma NOI of approximately $147,000, delivering a projected cap rate exceeding 22%. The existing tenancy provides immediate cash flow, while remaining vacancy and operational upside create strong value-add and/or owner/user potential.

Anchor Tenant & Traffic Driver

At the heart of the center is The Eagle’s Nest, a 5,600 square foot full-service restaurant, bar, and entertainment venue that serves as the primary traffic generator. The business is a long-term tenant and currently on a monthly renewal to allow for buyer flexibility. The space features a functional and efficient layout with indoor and covered outdoor seating, dining, bar, and entertainment areas, and a second-floor apartment suitable for on-site management living and storage. The venue benefits from strong local, traveling, and weekend traffic, drawing an established customer base that seeks the Hill Country.

Industrial/Flex Long-Term Tenant

The center is also home to Fine Lines, an 8,500 square foot custom cabinetry manufacturing and fabrication warehouse and industrial yard. The business fulfills orders for national improvement, hardware, and construction retailers, and is a long-term tenant. The space features aluminum sectional doors, large industrial bays, office, and breakroom space.

Flexible Mixed-Use Configuration

The remainder of the property consists of 200–1,000 square feet (totaling 5,900 square feet) commercial suites (an additional 10 spaces), ideal for:

• Quick-service restaurants
• Food trucks
• Retail or service users
• Office or appointment-based businesses
• Automotive or light industrial concepts

The inward-facing courtyard design encourages foot traffic and creates a true market-style environment. Infrastructure includes ample utilities, lighting, gated access, parking, and multiple ingress/egress points, well-suited for high convenience and high customer volume businesses.

Location & Growth Drivers

• 280 feet of frontage on FM 1283 with ~4,000 average vehicles per day
• Positioned within a fast-growing Hill Country trade area
• Existing anchor draws an established customer base
• Location attracts local, traveling, and weekend traffic seeking the Hill Country
• Adjacent parcel is actively leasing, further increasing traffic and visibility
• Strong demand for food, retail, and service uses in the submarket

This is a rare opportunity to acquire a high-yield, mixed-use investment with both immediate income and long-term appreciation potential in one of San Antonio’s most active growth corridors.

Contact listing agent for financials and to schedule a private tour.

Please do not disturb/contact existing tenants.