(Seguin) -- Last week's Main Street article discussed reinvestment in downtown Seguin during 2017 and this week we thought we would share some important information for anyone who is looking to reinvest in downtown Seguin.
Whether you are looking to start your own business or find your next investment property, downtown Seguin has a variety of buildings to serve a multitude of uses. In downtown Seguin, the first floor of buildings serve commercial purposes from retail shops to restaurants and offices; while the second floor space can serve as residential or office.
To encourage continued revitalization, the city of Seguin has designated several incentive programs for downtown. Building permit fees are waived in downtown, as well as the FIX-IT Facade grants that assist property owners with improvements to their building exteriors. Building owners that invest largely into their buildings are also eligible for tax abatements from the City of Seguin and Guadalupe County. Properties in downtown are also eligible for the state's franchise tax credit and the federal income tax credit due to being a National Register District.
There are also non-fiscal incentives available to downtown businesses and property owners. As a Main Street community, property owners have access to free design assistance from the Texas Historical Commission. The Main Street Program also assists in marketing downtown businesses and hosting promotional events that bring people to downtown.
As the City of Seguin has recognized a need to preserve our historical architecture, any work to be completed within the downtown district must be approved by the Historic Design Review Committee. The committee reviews signs, work performed on the exterior of properties and new construction.
When looking at a property in downtown, the Main Street Program encourages the prospect to schedule a code compliance inspection with the City of Seguin. The inspection will provide the prospect with a list of items that need to be addressed to bring the building up to code.
There are excellent properties available for sale in downtown Seguin, for example 113 N. River Street. The 4,200 square foot retail space is an open floor plan. Transom windows were recently installed and the original pressed tin ceiling exposed.
Looking for a building to lease for your business, downtown also has several opportunities for you, including office space with a view. At 301 North Austin inside the Aumont Hotel, the fourth floor offers a variety of office suites for rent. For more information on available properties and the development process, be sure to contact the Seguin Main Street Program at (830) 401-2448.