8691 Fm 2673Canyon Lake, TX 78133

Property Details for 8691 Fm 2673

Year built

1997

Lot size

4.06 AC

Property size (Sq ft)

5,400 SF

Property type

Retail space

APN

50-0340-0805-00

APU

500340080500

Description

This exceptional 830-square-foot retail property in Comal County presents a unique investment opportunity. Situated on a 4.05-acre lot, this single-story, Class C building constructed in 1997 offers a versatile space ideal for a variety of businesses. The property features a professional storefront design, seamlessly blending traditional retail functionality with the added benefit of an attached apartment. This apartment, accessible via a half-door from the main retail area, includes a fully equipped kitchen, a bedroom, and a full bathroom. This adaptable space can serve as additional office space, providing a private area for meetings, focused work, or even employee accommodations. The flexible layout allows for customization to meet diverse business needs, offering a dynamic workspace solution. The property benefits from high visibility and exposure to traffic on FM 2673, a key thoroughfare near the popular Canyon Lake area, ensuring excellent accessibility and potential for high customer traffic. The minimum divisible space is 830 square feet, currently vacant and ready for immediate occupancy. This property is a rare combination of retail space and attached living quarters, making it an attractive option for entrepreneurs seeking a unique and functional business location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,489,869

  6.5%

  $1,375,263

  7%

  $1,277,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,092,690

  Geo Method

  $3,092,690

• Alternative Use

  Use

  Valuation

  Residential

  $1,160,086

  Hospitality

  $1,062,633

  Educational

  $884,098

  Medical

  $914,503

  Retail

  $1,375,263

Location Insight

City

Canyon Lake

County

Comal

State

Texas

Latitude

29.8456

Longitude

-98.2775

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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