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Two-Building Storefront Property

904 S Key Ave, Lampasas, TX 76550

For Sale
$475,000

CommercialSale, Lampasas, TX

Property SizeContact for details
Lot Size0.19 Acres
Days on Market50

Property Features for 904 S Key Ave

General Information

Property type Commercial Sale
Property subtype Retail
Lot features City Lot
Directions On the corner of HWY 183/281 in front of Taco Bell.
Standard status Active
APN 1286
Lot size 0.19 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2024
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, Electric
Water source Public

Building Details

Year built 1960
Floors in Building 1
Flooring type Vinyl
Building materials Block
Buildings 2
Listing Agency: Bear Real Estate Services
Listed By: Audrey Bear · License TX #0516346
Added: Sep 22 Changed: Nov 10 Last Checked: Nov 10 at 8:06PM
MLS# 625932

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.

Rey
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Investment Insights

Based on property information with market context.

This Lampasas commercial property contains two adjoining structures divided by an exterior firewall. The south building includes a roof installed in 2023, while the north structure was added to the original building and retains its existing roof. The improvements date to 1960 and feature block construction with vinyl flooring, central air, and electric heating and cooling.

Located at 904 S Key Ave, the property has public water and public sewer service. The entire building is currently leased, providing an established operating history for the storefront asset. Its two-part configuration supports separate evaluation of the original and added sections, while the existing commercial layout accommodates continued retail use.

Key Highlights

  • Two‑building commercial configuration divided by an exterior firewall
  • South building received a new roof in 2023
  • North structure was added to the original building

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

247
Businesses Nearby
Balanced
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

Frequently Asked Questions

What type of property is this?
Storefront property - Two commercial structures share an exterior firewall and are currently leased.
Where is this storefront property located?
The property is located at 904 S 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‑building commercial configuration divided by an exterior firewall; South building received a new roof in 2023; North structure was added to the original building
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