Prime infill development opportunity in San Marcos’ South Square District—an emerging hub of dining, music, and mixed-use growth steps from downtown and the river.
The combined 0.65-acre site at 209 & 215 Cheatham Street occupies a strategic position where McKie Street meets Cheatham, providing frontage, visibility, and easy access. Parcels are flat, mostly cleared, paved access, and storm-drain infrastructure in place. City water, wastewater, and electric are available at the street.
Zoning / Use Flexibility
Designated CD-5D (Downtown Character District), the property allows for a broad mix of residential and commercial uses — including multifamily (up to 24 units), mixed-use retail/residential, restaurant or bar, boutique hotel, and creative office. 100 percent impervious coverage is permitted, supporting efficient footprint design and maximizing buildable area.
Investment Appeal
Combined ±0.65 acres of developable land with minimal prep required
Infrastructure and utilities reduce upfront costs
High-visibility location in an appreciating downtown corridor
Walkable to popular venues (Patio Dolcetto, Triple Six Social, The Davenport)
½ mile to Downtown Square, 1 mile to Texas State University, ? mile to San Marcos River
Quick connection to I-35 and Highway 123 for regional access
Seller financing available
For developers and investors seeking a compact, ready-to-build site within a growing Central Texas market, 209 & 215 Cheatham Street deliver excellent fundamentals: infill location, flexible zoning, infrastructure in place, and strong long-term appreciation potential. Ideal for boutique multi-family, mixed-use, or hospitality projects leveraging the energy of San Marcos’ next downtown district.
Annie Flink
Front Perch Realty Group
