3317 Highway 29 Bertram, TX 78605
This exceptional 33.3-acre commercial property boasts over 340 feet of frontage on State Highway 29 in the rapidly developing eastern Burnet County, Texas. Situated just 2.5 miles east of Bertram, 7.5 miles west of Liberty Hill, and within convenient driving distance of Austin (approximately 40 miles), this unrestricted property presents a multitude of investment opportunities. Currently generating income via a leased bar and grill ("Hometown Watering Hole"), the lease agreement extends through December 31, 2023. The bar itself, constructed in 2008 according to Burnet County Appraisal District records, comprises a 5,301 sq ft main area, a 960 sq ft storage area, and a substantial concrete patio and porch. Also included is a 3,000 sq ft (per owner) residential home featuring three bedrooms, three and a half bathrooms, ample storage, and a large concrete patio. While the home requires some cosmetic updates, it adds significant value to the property. The property's unrestricted zoning allows for diverse commercial uses, including but not limited to RV parks, storage units, RV and boat storage, industrial facilities, and retail establishments. Currently benefiting from a 1-d-1 Ag appraisal with cattle, the property enjoys low property taxes and holding costs, making it an attractive investment opportunity with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.