209 S Main St, Salado, TX 76571

Property Description

If you've been looking for a property that generates income from day one, The Union on Main delivers exactly that. Leases are in place across a diversified tenant mix, including boutique, salon, office, and massage, with RENT ESCALATIONS ALREADY BUILT IN. Each suite has its own dedicated entrance, yet the entire lower level opens into itself, offering flexibility and more opportunity. The upstairs suite, featuring 2 bedrooms, a bathroom, kitchen, and living area, and the gazebo suite, a 1 bedroom with bathroom, each offer potential as an Airbnb or private apartment, creating MULTIPLE REVENUE STREAMS. Known historically as the Old Davis Mill and designated as Historic Salado Site 18, this 1800s landmark sits on .57 acres in the heart of the Historic Village of Salado, offering 3,295 sq ft of office and retail space plus additional storage and utility space. Thoughtfully updated while preserving its original character, the property features newer siding, a freshly painted exterior, updated HVAC systems, and is on city sewer. Outside, you'll find covered porches, a covered deck, a gazebo deck, a stone walkway, dedicated parking, and an event-friendly concrete patio, perfect for vendor tents or outdoor showcases during Salado's many festivals and events. Positioned directly on Main Street with +/- 100 feet of PRIVATE SALADO CREEK FRONTAGE, opportunities like this are rare. One of Central Texas’s most beloved destinations, Salado offers a walkable downtown with dining, shopping, antiques, and live music, all just off I-35. Locals and visitors alike are drawn to its history, creative spirit, golf-cart friendly paths, and relaxed rhythm of life. Just across the creek from Barrow Brewing, this property sits at the heart of it all, blending strong investment potential with Salado’s signature laid-back lifestyle. Whether you’re looking to run a business or expand your rental portfolio, this is it. Financials available upon request.