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    OFF-MARKET
    Commercial real estate

    Us 190 Hwy, Lampasas, TX 76550

    7.75 ac lot Built 2004
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7.75-acre Lampasas, TX property boasts over 377 feet of US Highway 190 frontage. The expansive site includes four separate buildings, presenting a multitude of commercial possibilities. A large, open-plan commercial building, previously used as a restaurant and church, features a commercial kitchen, walk-in cooler, and two sets of restrooms. A three-bedroom, one-bathroom main house is complemented by a two-bedroom, one-bathroom upstairs rental unit offering stunning views. Additionally, a six-room ranch-hand quarters with a central kitchen and bathrooms is included. This unique configuration is ideally suited for diverse ventures, including event centers, retreats, assisted living facilities, churches, recovery centers, restaurants, plazas, or a combination thereof. The property's versatility allows for various uses, such as a venue with extended-stay accommodations, a country store, food market, taqueria, grocery store, or a church retreat with on-site housing. The substantial acreage provides ample room for expansion and future development. The property is priced at $772,900.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2004
    Lot 7.75 ac (337,590 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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