4951 Fm 1283Lakehills, TX 78063

Property Details for 4951 Fm 1283

Year built

1990

Lot size

1.05 AC

Property size (Sq ft)

396 SF

Property type

Office properties

APN

173415

APU

173415

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $73,608

  6.5%

  $67,946

  7%

  $63,093

• Comparable approach

  Method

  Valuation

  Relative Method

  $89,999

  Geo Method

  $89,999

• Alternative Use

  Use

  Valuation

  Residential

  $84,253

  Hospitality

  $77,175

  Educational

  $64,209

  Medical

  $66,417

  Retail

  $99,881

Location Insight

City

Pipe Creek

County

Bandera

State

Texas

Latitude

29.6634

Longitude

-98.9537

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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