125 S BISHOP ST

A rare find: a 5,250 SF (0.12 acre) lot carrying triplex zoning and use classification, a designation that is increasingly hard to come by in San Marcos' close-in neighborhoods. Located just blocks from downtown San Marcos and Texas State University, this property is offered strictly AS-IS with no interior access or showings available and is best suited for investors and builders pursuing a redevelopment strategy. San Marcos has grown from roughly 44,900 residents in 2010 to over 71,500 today, part of the broader Austin-Round Rock-San Marcos MSA, which has grown to nearly 2.5 million residents and remains one of the fastest-growing large metro areas in the country. Hays County alone has climbed from about 241,000 residents in 2020 to over 304,000 in 2025. With enrollment and population climbing year over year, student and workforce housing demand continues to outpace supply near campus, giving this site strong long-term value for those looking to build new multifamily product in an established, walkable part of town. The lot sits just off a high-visibility corner anchored by the beloved M&M Taco Corner, benefiting from the steady neighborhood foot traffic and exposure that comes with proximity to a local landmark. Given its proximity to downtown, the San Marcos River corridor, and the university, this is a compelling opportunity for investors or builders targeting new multifamily or triplex construction in a supply-constrained rental submarket. Buyer to independently verify all information, including zoning, lot dimensions, and use classification, prior to closing. Land-value opportunities like this rarely come available in this location.