2105 Ranch Road 620Lakeway, TX 78734

Property Details for 2105 Ranch Road 620

Year built

1993

Construction

WOOD FRAME

Lot size

0.64 AC

Property size (Sq ft)

1,612 SF

Property type

Office properties

Property subtype

Office buildings

APN

147630425

APU

147630425

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $382,796

  6.5%

  $353,350

  7%

  $328,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $482,617

  Geo Method

  $482,617

• Alternative Use

  Use

  Valuation

  Residential

  $438,154

  Hospitality

  $401,347

  Educational

  $333,916

  Medical

  $345,400

  Retail

  $519,425

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

Property Tax & Assessments

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