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    904 Key Ave Lampasas, TX 76550

    For Sale
    $475,000

    Prime location, two lease spaces, ample parking.

    Property size:
    2,520 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial property, located at 904 S Key Ave in Lampasas, Texas, presents a remarkable investment opportunity. The 2,520 square foot building enjoys a highly visible position, benefiting from significant vehicle and pedestrian traffic due to its proximity to two major highways, Highway 183 and Highway 281. The property's layout is intelligently designed with two distinct lease spaces, each equipped with its own utility meters, offering flexibility for either a single large tenant or multiple smaller businesses. This setup provides significant operational independence and cost-effectiveness. The property is fully enclosed by a metal fence, ensuring security and privacy. Ample on-site parking is available for tenants and customers, enhancing convenience and accessibility. Adding to its practicality, a separate storage building is located at the rear of the main structure, providing additional space for inventory, equipment, or other storage needs. The 0.19-acre lot provides a comfortable footprint for the existing buildings and offers potential for future expansion or outdoor use. This turnkey commercial property is ready for immediate occupancy and represents a strong investment in a thriving Lampasas location. The asking price is $475,000.

    Property Features for 904 Key Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,520 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Frias Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.18108
    Latitude
    31.05959

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, two lease spaces, ample parking.
    Where is this commercial real estate located?
    The property is located at 904 Key Ave Lampasas, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    (512) 556-9321
    Request Owner's contact information
    904 Key Ave Lampasas, TX 76550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    904 Key Ave Lampasas, TX 76550
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