Back to Search

Lockhart Live-Work Property with Shop

1516 Old Luling Rd, Lockhart, TX 78644

View on Map

For Sale

Contact for pricing

Unique live-work property near downtown Lockhart with flexible commercial potential.

Type:Retail

Property size:

3,440 SF

Lot size:

3.79 Acres

Price / SF:

$279/SF

HighLights

Rare live‑work property on 3.79 acres with no zoning restrictions.
Includes a new 1,883 s.f., 4‑bedroom, 3‑bath home and a 3,440 s.f. shop building with four bays and 20’ roll‑up doors.
Shop building features a separate 400 s.f. office/retail space with mini‑split climate control and an additional 400 s.f. storage space.
Detached 6‑door garage offers flexible multi‑use.
Home features a spacious primary bedroom with an oversized jetted bathtub, separate shower, walk‑in closet, and on‑demand hot water.
Conveniently located just 4 minutes from downtown Lockhart.

We can help!

Listing Contact

John Doyal

For Sale

Contact for pricing

Unique live-work property near downtown Lockhart with flexible commercial potential.

Type:Retail

Property size:

3,440 SF

Lot size:

3.79 Acres

Price / SF:

$279/SF

Added:: Feb 25, 2026
Days on Market:: 104
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 1516 Old Luling Rd

General Information

Standard status: Active
Size: 3,440 SF
Lot size: 3.79 Acres
Property subtype: Retail

We can help!

Listing Contact

John Doyal

Listing agent John Doyal License #TX 0102343

Listing office McAllister & Associates

Listing date Feb 25, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of McAllister & Associates

HighLights

Rare live‑work property on 3.79 acres with no zoning restrictions.
Includes a new 1,883 s.f., 4‑bedroom, 3‑bath home and a 3,440 s.f. shop building with four bays and 20’ roll‑up doors.
Shop building features a separate 400 s.f. office/retail space with mini‑split climate control and an additional 400 s.f. storage space.
Detached 6‑door garage offers flexible multi‑use.
Home features a spacious primary bedroom with an oversized jetted bathtub, separate shower, walk‑in closet, and on‑demand hot water.
Conveniently located just 4 minutes from downtown Lockhart.

Overview

This unique live-work property is located just 4 minutes from downtown Lockhart. The 3.79-acre property includes a new 1,883-square-foot home featuring 4 bedrooms and 3 bathrooms. The primary bedroom suite includes an oversized jetted bathtub, a separate shower, a walk-in closet, and on-demand hot water. One bedroom has an attached bath suitable for use as a guest bedroom. The entry leads to a formal dining room and a light and airy living room. The kitchen features a propane gas range and is open to both dining areas. There is also a covered front porch and a covered back porch. A detached 6-door garage has three doors on two different sides. The property also includes a 3,440-square-foot shop building with four bays, each with a 20’ roll-up door. A separate 400-square-foot office/retail space with mini-split climate control is attached, along with an additional 400-square-foot storage space on the right side of the shop. The land has no zoning restrictions and is ready for flexible commercial use, hobbies, horses, cows, or other livestock, including a barn. The shop building is suitable for various uses, such as a mechanic’s shop or RV storage. The property offers flexible commercial use and is ready for various business opportunities.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$144.5k	$42.00
− Vacancy	−$35.1k	−$10.21
EGI	$109.4k	$31.79
− OpEx	−$27.3k	−$7.95
NOI	$82.0k	$23.85

3,440 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.17M

$1.03M – $1.37M (±1% cap)

NOI $82,029 @ 7.0% cap · market cap 8.54%

Second Best

Retail

$865.3K

$757.2K – $1.01M (±1% cap)

NOI $60,572 @ 7.0% cap · market cap 6.31%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,660 @ 7.0% cap · market cap 10.49%

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

Property Profile Location Intelligence

Current Use by Public Records

Live-work space

Suggested Use

Location Insight

Map
Local Demand

City: Lockhart
County: Caldwell
State: Texas
Longitude: -97.67048
Latitude: 29.823242

Nearby Similar for Sale

$2,931,110

2,142 SF

Lockhart Commercially Zoned Acreage

45.094 acres of commercially zoned land in Lockhart, TX.

425 Seawillow Road, Lockhart, TX 78644

View Details
$2,500,000

440 SF

Lockhart Ranch with Private Airstrip

100-acre Lockhart ranch featuring a private airstrip and hangar.

1190 Dickerson Road, Lockhart, TX 78644

View Details
$49,300,000

2,852 SF

Lockhart Development Opportunity

900-acre development site near SH 130 in Lockhart, TX.

2884 Political Road, Lockhart, TX 78644

View Details
$900,000

1,856 SF

Income-Producing Ranch Acreage

Tenant-occupied brick home and income-producing acreage with fenced grounds, pond, and room for equipment or livestock use.

9765 State Park Road, Lockhart, TX 78644

View Details
$1,490,000

775 SF

Lockhart Commercial Property with Acreage

Nearly 40-acre Lockhart property with shop, tiny homes, and creek.

1501 Boggy Creek Road, Lockhart, TX 78644

View Details
$380,000

2,376 SF

Modern Duplex With Two Units

Well-appointed duplex offers two spacious residences with appliances and modern finishes, ideal for investors or owner-occupants.

805 Hallie Cove, Lockhart, TX 78644

View Details
$900,000

1,856 SF

Lockhart Ranch with Income Potential

Income-producing ranch near Lockhart and San Marcos River.

9765 State Park Road, Lockhart, TX 78644

View Details
$400,000

1,936 SF

Renovated Duplex Across from School

Completely renovated duplex near schools, grocery, and restaurants.

805 Center Street, Lockhart, TX 78644

View Details
$750,000

2,071 SF

Versatile Commercial Building on Corner Lot

2,071 SF building on 0.56 acre in Lockhart, TX

1030 S Guadalupe St, Lockhart, TX 78644

View Details
$400,000

1,936 SF

Renovated Duplex Near Lockhart High

Completely renovated 2-bed/1-bath duplex near school, stores, and restaurants.

805 Center St., Lockhart, TX 78644

View Details
$184,900

1,728 SF

Residential Lot Near Downtown Lockhart

Residential lot near downtown Lockhart, Texas, offering development flexibility.

649 Fir Lane lot: 5, Lockhart, TX 78644

View Details
$299,000

5 Acres on Highway 183

High-visibility land suitable for commercial or residential use.

6635 S Highway 183, Lockhart, TX 78640

View Details

For sale
Mixed-use properties
TX
Lockhart
78644
1516 Old Luling Rd

What type of property is this?

Mixed-use property - Unique live-work property near downtown Lockhart with flexible commercial potential.

Where is this mixed-use property located?

The property is located at 1516 Old Luling Rd Lockhart, TX.

What is the asking price?

The asking price for this property is $960,000.

What are key features of this property?

This property features: Rare live‑work property on 3.79 acres with no zoning restrictions.; Includes a **new 1,883 s.f., 4‑bedroom, 3‑bath home** and a **3,440 s.f. shop building** with four bays and 20’ roll‑up doors.; Shop building features a separate 400 s.f. office/retail space with mini‑split climate control and an additional 400 s.f. storage space.