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Two-Building Storefront
New
For Sale
$475,000

904 Key Ave, Lampasas, TX 76550

Commercial Sale, Lampasas, TX

Property SizeContact for details
Days on Market5

Property Features for 904 Key Ave

General Information

Property type Commercial Sale
Property subtype Other
Parking 10
Directions On the corner of HWY 183/281 in front of Taco Bell.
Standard status Active
APN 001286

Taxes and HOA fees

Tax Description LOT: W59 L3 W59 OF N16 OF LOT 2 BLK: 27 ADDN: L S C 1ST
Legal Description LOT: W59 L3 W59 OF N16 OF LOT 2 BLK: 27 ADDN: L S C 1ST

Utilities

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

Building Details

Year built 1960
Floors in Building 1
Flooring type Vinyl
Building materials Block
Listing Agency: Bear Real Estate Services
Listed By: Audrey Bear · License #0516346
Added: Sep 23 Changed: Sep 26 Last Checked: Sep 27 at 1:06AM
MLS# 179487

Copyright © 2026 Highland Lakes Association of Realtors MLS. 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 storefront property consists of two structures divided by an exterior firewall. The south-side building received a new roof in 2023, and documentation is available. The north-side section was added to the original building and did not receive a new roof. Built in 1960, the property has block construction, vinyl flooring, central electric heating, and central air conditioning. It is currently leased.

Key Highlights

  • Two structures separated by an exterior firewall
  • New roof on the south‑side building installed in 2023; documentation available
  • North‑side section was added to the original building

Property Analytics

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Current Use

El Frias Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Furniture & Home Goods Plumbing Service Law Firm

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

Location Intelligence

Trade Area within ½ mile

613
Businesses Nearby
Under-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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Petal Peddlers Florist — 1205 Fourth St, Lampasas, TX 76550

Frequently Asked Questions

What type of property is this?
Storefront property - The property comprises two original structures separated by an exterior firewall.
Where is this storefront property 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.
What are key features of this property?
This property features: Two structures separated by an exterior firewall; New roof on the south‑side building installed in 2023; documentation available; North‑side section was added to the original building
More about this property
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