For Sale
$799,000

4951 Fm 1283 Lakehills, TX 78063

Hill Country mixed-use property, high income potential.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use investment opportunity in Pipe Creek, Texas, presents a compelling value-add proposition. Located on a prominent corner lot at 4951 FM 1283, this 1.05-acre property boasts a substantial 10,204 square foot building, constructed in 1997 and currently operating at 75% occupancy. The property is zoned for commercial use and features a diverse tenant mix including a casual restaurant and bar, a cabinet shop, a taco stand, a welder, and a carpenter. This presents a unique blend of established businesses generating consistent income. The asking price is $799,000, translating to $78.30 per square foot. The property offers ample parking with 20 spaces available. Its strategic location near Medina Lake and the historic town of Bandera, Texas, ensures high visibility and accessibility on a busy thoroughfare. The fee-simple ownership provides complete control and potential for significant income growth through lease optimization and property improvements. This is a rare chance to acquire a well-positioned, income-producing asset in a desirable Hill Country location. The property's diverse tenant base and strong location offer a solid foundation for future growth and profitability. This is an ideal investment for those seeking a value-add opportunity with significant upside potential.

Highlights

  • Income-producing mixed-use investment property in Pipe Creek, TX.
  • 1.05-acre corner lot.
  • Diverse tenant mix including restaurant/bar, cabinet shop, taco stand, welder, and carpenter.
  • Prominent location near Medina Lake and Bandera, TX, on busy FM 1283.
  • Significant income growth potential.

Property Details for 4951 Fm 1283

Property type
Retail properties, Restaurants
Square Feet
10,204 SF
Class
B
Year Built
1997
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Lakehills
County
Bandera
State
Texas
Latitude
29.663182602684
Longitude
-98.954126570779

FAQs

What type of property is this?
Retail property - Hill Country mixed-use property, high income potential.
Where is the retail property located?
The property is located at 4951 Fm 1283 Lakehills, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Income-producing mixed-use investment property in Pipe Creek, TX.; 1.05-acre corner lot.; Diverse tenant mix including restaurant/bar, cabinet shop, taco stand, welder, and carpenter.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4951 Fm 1283
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