320 Southland DrBurnet, TX 78611

  • Other commercial real estate
  • 3,978 SF
For Sale
$1,000,000 View listing

Property Details for 320 Southland Dr

Year built
1998
Lot size
1.27 AC
Property size (Sq ft)
3,978 SF
Property type
Other commercial real estate
APN
51887
APU
51887

Description

This exceptional mixed-use property in Burnet, Texas, presents a lucrative investment opportunity. Situated on a 1.29-acre lot, the property boasts a beautifully remodeled 4,000+ square foot main office building, perfect for multiple rental units. The building features 16 rooms, a kitchen, and 5 bathrooms, all updated with modern amenities. Recent improvements include a new roof, two new HVAC units, and new vinyl plank flooring throughout. Security is enhanced by a newly installed automatic gate. Adding to the property's versatility is a recently constructed 2,400 square foot warehouse, fully insulated and climate-controlled. This warehouse is plumbed for water and offers independent rental potential. The property also includes a substantial area for secure truck and equipment storage, further protected by the automatic gate. Ample parking is available. The property's prime location in the rapidly growing city of Burnet ensures strong potential for rental income and future appreciation. The total building square footage is 6,403 square feet. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant upside. The asking price is $1,000,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,303,510
    Hospitality
    $1,194,008
    Educational
    $993,401
    Medical
    $1,027,566
    Retail
    $1,545,290
320 Southland Dr, Burnet, Texas

Location Insight

City
Burnet
County
Burnet
State
Texas
Latitude
30.7587
Longitude
-98.2523

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
$9,622
$226,817
$480,382
$707,199
-
$226,817
$480,382
$707,199

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