**MOTIVATED SELLERS-WILLING TO REVIEW ALL REASONABLE OFFERS**Calling all Investors searching for the opportunity of a lifetime in the Historic District of Salado, TX on 1.38 acres! THE LOCATION, across the street from Alexander’s, steps to Barrows Brewery, The Shed, the River, spas, boutiques, and countless restaurants and bars. This home represents an excellent chance to add to the portfolio or for those looking to add passive income. The home is zoned residential or Bed and Breakfast per the Salado Historic Records. This property offers the flexibility to become a single-family residence with a lot of potential on 1.38 acres, 6 bedrooms each with full bathrooms, an additional half bathroom, and massive living areas, perfect for a family looking to live an active life in downtown historic Salado. The home currently features three independent living areas. What a great town and location to call home! The property's proximity to major highways provides convenient commuting options to nearby cities, schools, and employers. Invest in the thriving real estate market of Salado, TX, and capitalize on the growing demand for bed and breakfast properties in this desirable area. Don't miss out on this great investment opportunity and be a part of this great community!
The median home value in Salado, TX is $565,000. This is higher than the county median home value of $255,300. The national median home value is $338,100. The average price of homes sold in Salado, TX is $565,000. Approximately 73.47% of Salado homes are owned, compared to 18.68% rented, while 7.85% are vacant. Salado real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salado real estate agent to arrange a tour today!
Salado, Texas has a population of 2,635. Salado is less family-centric than the surrounding county with 24.9% of the households containing married families with children. The county average for households married with children is 32.07%.
The median household income in Salado, Texas is $80,107. The median household income for the surrounding county is $57,932 compared to the national median of $69,021. The median age of people living in Salado is 49.4 years.
The average high temperature in July is 95 degrees, with an average low temperature in January of 35.6 degrees. The average rainfall is approximately 35.1 inches per year, with 0.2 inches of snow per year.