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Property profile & analytics
FOR SALE
Commercial real estate

606 S Key Ave Lampasas, TX 76550

3,382 SF 0.41 ac lot Built 1920
Entity Owned Absentee Owner Free & Clear
Property ID
US82-6103594
Property summary
AI-generated overview

This stunning 3,382 square foot Victorian-style office building, situated on a 0.41-acre lot at 606 S Key Ave in Lampasas, Texas, presents a unique investment opportunity. Recently renovated, the property boasts a brand-new HVAC system, a newly installed bathroom shower, fresh exterior paint, and updated furnishings. The building's historical character is undeniable, featuring original long-leaf pine floors, exquisite woodwork, high ceilings, beautiful stained-glass windows, transoms, and two fireplaces. Adding to its charm is a large covered front porch complete with a porch swing, a claw-foot tub, and expansive picture windows. Its versatile zoning (C-1 and Residential) allows for a variety of uses, having previously served as a residence, bed and breakfast, gift shop, and law offices. The prime location on Highway 183, directly across from HEB, ensures high visibility and accessibility, with a daily traffic count of 17,287 vehicles. This exceptional property offers a blend of historical elegance and modern functionality, making it an ideal investment for discerning buyers seeking a unique and profitable venture. The property is also available for lease.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 3,382 SF
Lot 0.41 ac (17,947 SF)
APN 1308
UPID US82-6103594
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
Current use
Occupant on record · Public records
  • Shell & Shell Law Firm
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
RODEOTOWN HOLDING COMPANY INC
RODEOTOWN HOLDING COMPANY INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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