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$2,995,000

320 W Main St, Fredericksburg, TX, 78624

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths3,798 Sq Ft
price_per_sqft$788.57 / sqft
Year BuiltBuilt in 1895

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size20,704 sqft

Building Information

Roof Type112

Land Information

APN20530
Lot Number159,160
SubdivisionFbg Addn
Land UseCommercial
Legal DescriptionFBG ADDN BLK 28 LOT 159 & 160-PT
Census Tract950302
Assessed Land Value$1,159,480
Assessed Improvement Value$1,801,490
Assessment Year2026

About this property

A rare opportunity to own a piece of Fredericksburg’s history along iconic Main Street, The Itz Inn is a circa-1895 limestone landmark offering approximately 3,798 SF. Currently operating as a hospitality property, it features four guest suites with private ensuite baths, additional commercial space, and four grandfathered lodging permits. Set across 0.48± acres, the property also offers something increasingly valuable downtown—substantial outdoor space, including a large rear yard, courtyard areas, and rear parking. Historic limestone and pioneer stone construction, exposed stone interiors, high ceilings, wood floors, and original architectural details preserve the distinctive character of the property. An expansive second-story covered gallery porch overlooking Main Street creates a memorable setting for guests, while the courtyards, mature trees, and historic cellar add another dimension to the property. Additional commercial space provides flexibility for a tasting room, retail concept, gallery, office, or expansion of the existing hospitality use. Positioned within walking distance of Fredericksburg’s restaurants, wineries, shops, galleries, and attractions, The Itz Inn brings together established lodging, commercial versatility, generous grounds, and a premier Main Street location. Whether continued as a boutique hospitality property or reimagined as a distinctive mixed-use destination, this landmark presents a compelling opportunity to acquire a substantial downtown property with character, flexibility, and multiple avenues for future use.

Investor Tools

$0Estimated Mortgage Balance
$2,262,384Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,970 /month
Positive
Cash Flow Estimate:
$5,990 /month

Interested in this property?

Justin Cop

Fredericksburg Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,944/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,021
$2,262,384
2026
$1,159,480
$1,801,490
$2,960,970
No

Tax History

Year
Tax Paid
Assessed Value
2025
$24,021
$2,262,384

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,262,384
100%
0%
$0/mo

City: Fredericksburg

320 W Main St | Property Details | No Agent List