This exceptional 1,612 sq ft commercial property in Lakeway, TX, presents a unique investment opportunity. Situated on a 0.64-acre lot with significant road frontage on FM 620, it boasts unparalleled visibility and accessibility. The charming log-style office building features a full kitchen, 1.5 bathrooms, and multiple offices/bedrooms, offering versatile space ideal for a variety of businesses. A recently replaced metal roof ensures long-term durability. The property includes a fenced outdoor storage area, ample parking, and a level, secure lot with potential for expansion. The rear of the building offers additional space suitable for warehouse expansion. This location offers significant development potential, especially considering the availability of an adjacent 0.63-acre lot for sale separately at $950,000, totaling 1.271 acres. Located outside the City of Austin ETJ, this property benefits from no zoning restrictions, streamlining the development process and saving considerable time and permitting costs. The current impervious cover is 40%, with potential for expansion to 45% with rainwater collection. Its prime location in the heart of the Lake Travis area, minutes from both Lake Travis and Lake Austin, adds to its desirability. The property is in excellent condition and enjoys a reasonable tax rate, making it an attractive investment. The property is also available for lease at $6750 per month.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$433,835
6.5%
$400,463
7%
$371,859
Comparable approach
Method
Valuation
Relative Method
$482,617
Geo Method
$482,617
Alternative Use
Use
Valuation
Industrial / Distribution
$928,654
Retail / Commercial
$448,757
Mixed-Use / Specialty
$425,524
Hospitality / Lodging
$284,028
Institutional / Educational
$434,641
Residential Income
$508,531
Multifamily
$729,834
Automotive / Energy
$372,550
Parking / Income-Based Land
$149,936
Restaurant / Food Service
$175,149
Healthcare / Senior Housing
$458,551
Location Insight
City
Lakeway
County
Travis
State
Texas
Latitude
30.384
Longitude
-97.9422
CBSA code
12420
CBSA name
AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
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Ranch Road 620 Lakeway, TX 78734
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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