9807 State Highway 71Spicewood, TX 78669

Property Details for 9807 State Highway 71

Year built

1984

Lot size

2.17 AC

Property size (Sq ft)

1,200 SF

Property type

Commercial real estate

APN

33678

APU

33678

Description

This exceptional property presents a unique investment opportunity in the rapidly growing Spicewood, Texas market. Encompassing two contiguous parcels totaling 2.85 to 5.02 acres, this unrestricted land boasts 235 linear feet of prime highway frontage on Highway 71, offering unparalleled visibility and accessibility. The property features two driveways, with the west driveway conveniently aligned with Gregg Lane and approved for a traffic signal, ensuring optimal traffic flow. Zoning is unrestricted, allowing for a wide range of development possibilities, including self-storage, industrial, and retail uses. Currently generating approximately $75,000 in annual gross income from various revenue streams including retail, office, and billboard tenants, this property offers immediate return on investment. A water well is already in place, and the billboard conveys with the sale. The location is highly desirable, situated within minutes of the Thomas Ranch 2300-home permitted development and new developments at the intersection of Highway 281 and 71, where construction of over 5,000 homes is underway. This presents a compelling opportunity for developers, investors, or owner-users seeking a strategic foothold in a booming Texas market. The land value ranges from $5.75 to $13 per square foot, depending on the acreage purchased. The property is offered fee simple. This is a rare chance to acquire a highly versatile and income-producing asset with significant future growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $391,200

  Hospitality

  $358,337

  Educational

  $298,132

  Medical

  $308,386

  Retail

  $463,762

Location Insight

City

Spicewood

County

Burnet

State

Texas

Latitude

30.4578

Longitude

-98.1563

Property Tax & Assessments

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