706 Colorado St Lockhart, TX 78644

This exceptional redevelopment opportunity presents a unique chance to own a thriving restaurant in the heart of Downtown Lockhart, Texas. The property encompasses three buildings totaling 3,500 square feet, situated on a 1.24-acre lot at 706 S Colorado St and 725 Brazos St, with additional land available. Built in 1925 and renovated in 2004, the property includes a charming 3,500 square foot classic home with a 400 square foot basement, ideal for storage. The existing structure offers three large rooms perfect for dining areas, complemented by a scenic porch and shaded outdoor space. The property benefits from a prime location, just 1.5 blocks from H-E-B and 4.5 blocks from the courthouse, with access to the busy Highway 183. Brazos Street, located at the rear of the property, is experiencing commercial growth, presenting further development potential. The substantial air rights (65,340 sq ft) offer significant expansion possibilities. Lockhart's strategic location, a mere 25-mile drive from Austin via a high-speed freeway, positions this property for significant growth within a thriving community. The asking price is $2,340,000, and the sale is structured for a 1031 exchange. This is an unparalleled chance to invest in a vibrant Texas town poised for expansion.