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Retail/Medical Office Space
For Lease
$2,557/Mo

502 S Key Avenue, Lampasas, TX 76550

COMMERCIAL - Lampasas, TX

Space SizeContact for details
Lot Size0.40 Acres
Days on Market48

Property Features for 502 S Key Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning R
Parking 6
Subdivision L S C 1st
Lot features Alley, Corner Lot, City Lot, Quarter To Half Acre Lot
Elementary school Hanna Springs
Middle school Lampasas Middle School
High school Lampasas High School
Elementary school district Lampasas ISD
Middle school district Lampasas ISD
High school district Lampasas ISD
Directions Located at the corner of HWY 281/190/183/Key Ave and 4th St. in Lampasas. Formerly Lampasas Eye Care.
Standard status Active
APN 1317
Size 1,773 SF
Lot size 0.40 Acres

Taxes and HOA fees

Tax Description LOT: LOTS 3-4 BLK: 31 ADDN: L S C 1ST
Legal Description LOT: LOTS 3-4 BLK: 31 ADDN: L S C 1ST

Utilities

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

Building Details

Year built 2011
Floors in Building 1
Flooring type Laminate, Carpet
Building materials BattsInsulation, Block, Concrete, SteelFrame
Roof type Metal
Listing Agency: Harrell & Assoc. Real Estate
Listed By: Jamie Garrett · License #0478746
Added: Jun 29 Changed: Aug 4 Last Checked: Aug 15 at 2:06AM
MLS# 618260

Copyright © 2026 Central Texas Multiple Listing Service. 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 corner-lot commercial space is zoned R and contains 1,773 square feet currently set up as a medical office. The interior finishes include carpet and laminate flooring. The building is served by public water and public sewer, with central electric heating and central air cooling.

Built in 2011, the property features a metal roof and construction elements including block and steel frame, with batts insulation. Its corner location on Key Avenue supports flexible tenant concepts, including medical office, dental, and other professional uses consistent with retail zoning.

The space is designed for an office-focused layout and can be evaluated for medical-adjacent or professional office use, including potential conversion for related service offerings.

Key Highlights

  • 1,773 SF corner‑lot space zoned R
  • Currently configured as a medical office
  • Traffic count of almost 21,000 vehicles per year

Property Analytics

Current Use

Lampasas Eye Care Eye Care Center Alyssa Garza Physician Dr. Lee Ann ... Physician Natural Resources Conservation ... Sustainability Organization

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Computer & Electronic Repair Skin Care Clinic (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

292
Businesses Nearby
Well-served
Demand for This Use

Demographics for 76550, TX

12,840
Population
6,129
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
541.5 sq mi
ZIP Area
24
Density / Sq Mi
$73,697
Median Household Income
$34,970
Median Earnings
$902
Median Rent
$237,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Corner lot retail space zoned R with central electric HVAC and public utilities, currently configured as a medical office.
Where is this medical office space located?
The property is located at 502 S Key Avenue Lampasas, TX.
What is the lease rate?
The lease rate is $2,557/Mo.
What are key features of this property?
This property features: 1,773 SF corner‑lot space zoned R; Currently configured as a medical office; Traffic count of almost 21,000 vehicles per year
More about this property
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