16740 Fm 306 Canyon Lake, TX 78133

This 1,100-square-foot commercial building in Canyon Lake, Texas, presents a unique investment opportunity. Located at 16740 FM 306, Comal County, 78133, this property boasts excellent visibility on a busy thoroughfare with 12,100 cars passing daily (TXDOT 2022 data). The building, situated on a 0.208-acre lot, underwent renovations in 2022, showcasing a modern interior. Currently configured for single-tenant occupancy, the layout includes three private offices, a reception/lobby area with a kitchenette/breakroom, a storage closet, and a large open space. The building's design allows for easy adaptation to accommodate two tenants sharing a restroom. The property is zoned for use outside city limits and is connected to Canyon Lake Water Service Company (CLWSC) for water, PEC for electricity, and features an on-site septic system. The asking price is $350,000, representing a price per square foot of $318.18 and a 7.71% cap rate with a net operating income (NOI) of $27,000. The property's convenient location is approximately 1.5 miles south of a retail cluster in Canyon Lake, and midway between IH-35/New Braunfels and US 281/Spring Branch. This property is ideal for owner-users seeking a versatile space for retail or office use. The current lease expires September 11, 2024. The property's APN is 17339.