201 Oak DrCanyon Lake, TX 78132

For Sale
$625,000 View listing
  • Office buildings
  • 2,576 SF

Property Details for 201 Oak Dr

Year built
1980
Lot size
2.57 AC
Property size (Sq ft)
2,576 SF
Property type
Office buildings
APN
74-0522-0019-00
APU
740522001900

Description

This exceptional 2.57-acre commercial property in Canyon Lake, Texas, presents a unique investment opportunity. Located at 201 Oak Dr, 78132, this mixed-use land boasts three buildings, each two stories high, constructed in 1980. The property includes a clubhouse featuring two public restrooms and a half-Olympic-sized swimming pool. A slab-built structure is situated adjacent to recreation fields, offering versatile development potential. Its prime location offers convenient access to River Road and the FM306 intersection, placing it within walking distance of key thoroughfares and a short drive to the shores of Canyon Lake. The property's proximity to a newly constructed county law enforcement building further enhances its desirability and potential for future growth. Currently vacant, this property is priced at $625,000 and is offered for sale by owner. The substantial lot size and existing infrastructure provide a solid foundation for a variety of commercial ventures. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Texas community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $483,485
    6.5%
    $446,294
    7%
    $414,415
  • Comparable approach

    Method
    Valuation
    Relative Method
    $585,448
    Geo Method
    $585,448
  • Alternative Use

    Use
    Valuation
    Residential
    $553,404
    Hospitality
    $506,915
    Educational
    $421,747
    Medical
    $436,252
    Retail
    $656,052
201 Oak Dr, Canyon Lake, Texas

Location Insight

City
New Braunfels
County
Comal
State
Texas
Latitude
29.8465
Longitude
-98.1741
CBSA code
41700
CBSA name
SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,463
$429,720
$137,810
$567,530
-
$429,720
$137,810
$567,530

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