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Two-Story Office Building on Corner

1305 S Key Avenue Lampasas, TX 76550

1305 S Key Avenue, Lampasas, TX, 76550
$1,600,000
For Sale
$1,600,000

SINGLE_FAMILY - Lampasas, TX

Property Size20,000 SF
Lot Size0.88 Acres
Price / SF$80
Days on Market97

Property Features for 1305 S Key Avenue

General Information

Property type
Residential
Property subtype
Office
Parking features
Parking Lot, Open, Alley, Garage, Off Street
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
1827
Size
20,000 SF
Lot size
0.88 Acres

Taxes and HOA fees

Tax Description
LOT: LOTS 1-2-3-4 BLK: 1 ADDN: L S C 2ND
Tax Annual Amount
36759

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public

Building Details

Year built
1990
Floors in Building
2
Number of units
1
Flooring type
Tile, Vinyl, Carpet
Building materials
Stucco
Roof type
Tar/Gravel
Listing Agency TEXAS REAL ESTATE SALES
Lampasas, TX
Listed by Leah Caruthers · License #0561403
Added: Apr 13 Checked: Jul 18 at 3:06 am
MLS# 21172297

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This two-story office building offers 20,000 square feet of established space that can be used as-is or repurposed. The property is positioned on a corner lot and includes an attached oversized parking area, supporting current tenants and providing room for expansion of occupancy or additional development uses. The existing building is set up to serve multiple tenants today, while also offering flexibility for new operators looking for a larger footprint in a single asset.

Visibility and access are key advantages. The site benefits from a three-highway corridor with Highway 281, Highway 183, and Highway 190 passing through Lampasas, Texas. The property has 200 feet of highway frontage and is located near a major intersection of Highway 190 and the connection route to Highway 281. A current daily TexDOT car count of 15,720 further supports the site’s day-to-day traffic appeal.

For investors, the building can function as an income-producing asset with room to add tenants. For owner-users, the configuration supports a range of office requirements, and the included parking supports practical day-to-day operations. The seller also owns additional land across the side street that can be purchased, offering added site control for future options.

Key Highlights

  • 20,000 SF two‑story office building (built 1990) on a corner lot
  • Approx. 200 ft of highway frontage along Hwy 190 at the Hwy 190/281 connection near a major intersection
  • All three major highways run through Lampasas: Hwy 281, Hwy 183, and Hwy 190 (THREE HIGHWAY corridor)

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Texas Animal Health ... Veterinary Clinic Southern Star Communications, ... Telecommunications Service WIC Social Service Agency Diversified Insurance Brokerage ... Insurance Agency Lampasas MHMR - Central ... Crisis Center

Suggested Use

Parking Lot & Garage Big Box & Wholesale Store Dental Office Electrical Service Pharmacy Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Gym & Fitness Center Skin Care Clinic

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

FAQs

What type of property is this?
Office building - A two-story office building with an oversized parking lot and strong highway exposure at a major intersection.
Where is this office building located?
The property is located at 1305 S Key Avenue Lampasas, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 20,000 SF two‑story office building (built 1990) on a corner lot; Approx. 200 ft of highway frontage along Hwy 190 at the Hwy 190/281 connection near a major intersection; All three major highways run through Lampasas: Hwy 281, Hwy 183, and Hwy 190 (THREE HIGHWAY corridor)
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