606 S Key Ave Lampasas, TX 76550
For Sale
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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.
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Shell & Shell Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.