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    1010 Colorado St Lockhart, TX 78644

    For Sale
    $900,000

    Prime Lockhart location, two lots, metal building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity encompasses two commercial lots ideally situated in Lockhart, Texas, at 1010 N Colorado St and 1013 N Commerce St. The first lot, 1010 N Colorado St, boasts 0.22 acres and includes a 1,500 square foot metal building/shop. This versatile structure presents immediate usability for a variety of commercial ventures. The second lot, 1013 N Commerce St, offers a substantial 0.39 acres with an 11,058 square foot gravel area, securely enclosed by a chain-link fence. This provides ample space for storage, outdoor operations, or future development. Both properties benefit from high visibility due to their proximity to Highway 183, ensuring significant exposure to local and through traffic. The CMB zoning allows for a wide range of commercial uses. The location is highly desirable, less than half a mile from popular Lockhart BBQ establishments and a well-known metal shop, and within a mile of the town square. This prime location offers easy access to Austin, Bastrop, San Antonio, Kyle, Buda, and San Marcos. The asking price for this combined property is $900,000, presenting a compelling opportunity to establish a thriving business in a rapidly growing community. This is a rare chance to acquire two commercial lots with existing improvements in a highly sought-after area.

    Property Features for 1010 Colorado St

    General Information

    Property type
    Retail properties

    HighLights

    • $900,000 asking price.
    • Mixed‑use land with retail zoning (CMB).
    • Two commercial lots totaling 0.61 acres, including a 1,500 sq ft metal building and an 11,058 sq ft gravel area.
    • High‑traffic location on Hwy 183, near Lockhart's BBQ establishments and town square.
    • Located in Lockhart, TX, near Austin, San Antonio, and other major cities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.6736275
    Latitude
    29.8942852

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    FAQs

    What type of property is this?
    Retail property - Prime Lockhart location, two lots, metal building
    Where is this retail property located?
    The property is located at 1010 Colorado St Lockhart, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: $900,000 asking price.; Mixed-use land with retail zoning (CMB).; Two commercial lots totaling 0.61 acres, including a 1,500 sq ft metal building and an 11,058 sq ft gravel area.
    Request Owner's contact information
    1010 Colorado St Lockhart, TX 78644
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1010 Colorado St Lockhart, TX 78644
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