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Two-Story Office Building
For Sale
$1,600,000

1305 S Key Ave, Lampasas, TX 76550

COMMERCIAL - Other - Lampasas, TX

Property Size20,000 SF
Lot Size0.88 Acres
Price / SF$80
Days on Market179

Property Features for 1305 S Key Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
View City
High school district LAMPASAS ISD
Directions From N Key Ave, aka 183, head S towards 190. Property will be on the Left, one block before you get to 190 on the corner of Key Ave and E Vine St.
Standard status Active
Lot size 0.88 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 38343

Utilities

Heating system Forced Air, Electric (Heating)
Water source Public

Building Details

Year built 1990
Floors in Building 2
Flooring type Tile, Vinyl, Carpet
Building materials Stucco
Roof type Tar/Gravel
Architectural style Other
Listing Agency: Texas Real Estate Sales
Listed By: Leah Caruthers · License #0561403
Added: Feb 26 Changed: Aug 5 Last Checked: Aug 24 at 4:06PM
MLS# 11662719

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story office building offers approximately 20,000 square feet of usable space and is supported by a foundation constructed with stucco exterior materials. The building was built in 1990 and features a mix of flooring materials including carpet, vinyl, and tile. Heating is provided by forced air and electric heating, and the roof system is tar/gravel.

The property sits on a corner lot with 200 feet of highway frontage along a corridor where Highways 281, 183, and 190 run through Lampasas. The location is in view of the Highway 190 intersection and the connection route to Highway 281, and TXDOT reports a current daily car count of 15,720. An attached oversized parking lot supports tenant and customer access, and the seller also owns additional land across the side street that can be purchased to expand the site.

The existing building is currently used as an office with several tenants, with additional space available for further occupancy.

Key Highlights

  • Approximately 20,000 SF, two‑story office building
  • 0.88‑acre corner lot with 200 feet of highway frontage
  • Highways 281, 183, and 190 corridor location

Property Analytics

Current Use

Texas Animal Health ... Veterinary Clinic Southern Star Communications, ... Telecommunications Service WIC Social Service Agency Diversified Insurance Brokerage ... Insurance Agency Lampasas MHMR - Central ... Crisis Center

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Dental Office Electrical Service Pharmacy Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

561
Businesses Nearby

Demographics for 76550, TX

12,840
Population
6,129
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
541.5 sq mi
ZIP Area
24
Density / Sq Mi
$73,697
Median Household Income
$34,970
Median Earnings
$902
Median Rent
$237,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office building on a corner lot with public water and forced-air/electric heating.
Where is this office building located?
The property is located at 1305 S Key Ave Lampasas, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 20,000 SF, two‑story office building; 0.88‑acre corner lot with 200 feet of highway frontage; Highways 281, 183, and 190 corridor location
More about this property
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