1905 Ranch Road 620Austin, TX 78734

Property Details for 1905 Ranch Road 620

Year built

1991

Construction

CONCRETE

Lot size

0.73 AC

Property size (Sq ft)

4,400 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

147630418

APU

147630418

Description

This exceptional 4,400 square foot retail property, situated on a 0.73-acre lot in the desirable Lakeway area of Austin, Texas, presents a unique investment opportunity. Located at 1905 Ranch Road 620, zip code 78734, this freestanding building boasts excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property is situated within the extraterritorial jurisdiction (ETJ) of Austin. The current owner is willing to vacate the premises or consider a short-term leaseback arrangement, offering flexibility for the new owner. The property's prime location and substantial size provide ample space for development or immediate occupancy. The address is easily accessible from major roadways, ensuring high traffic volume and exposure to potential customers. This is a rare opportunity to acquire a well-positioned retail property in a thriving Austin suburb, offering significant potential for growth and return on investment. The property is classified as both retail and land, providing versatility for potential buyers. The Travis County location adds to its appeal. This is a turnkey opportunity for an investor seeking a high-visibility retail space in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,535,933

  6.5%

  $1,417,784

  7%

  $1,316,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,319,636

  Geo Method

  $3,319,636

• Alternative Use

  Use

  Valuation

  Residential

  $1,195,954

  Hospitality

  $1,095,488

  Educational

  $911,433

  Medical

  $942,778

  Retail

  $1,417,784

Location Insight

City

Lakeway

County

Travis

State

Texas

Latitude

30.3819

Longitude

-97.9427

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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