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    State Hy 71 Spicewood, TX 78669

    For Sale
    $2,300,000

    3.85-Acre Commercial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 3.85-acre commercial land parcel presents a remarkable investment opportunity in the thriving Spicewood, Texas market. Located at the hard corner intersection of Cypress Ranch Boulevard and Highway 71, this property boasts unparalleled visibility and high traffic counts, making it ideal for a variety of commercial ventures, including a convenience store or retail center. The lot's excellent topography and existing water and sewer infrastructure simplify development. Situated near Lake Travis and within the highly-rated Lake Travis Independent School District (LTISD), this location offers both business and lifestyle advantages. The asking price is $2,300,000, translating to $597,402.60 per acre, reflecting the property's prime location and development potential. This is a rare opportunity to acquire a strategically positioned commercial lot in a rapidly growing area with significant long-term growth prospects. The controlled intersection ensures easy access and high visibility, maximizing potential for business success. Don't miss this chance to secure a piece of Spicewood's vibrant commercial landscape. The address is 0 State Hwy 71, Austin, TX 78669.

    Property Features for 0 State Hy 71

    General Information

    Property type
    Land
    Lot Size
    167,706 SF

    HighLights

    • High‑visibility corner lot at a signalized intersection.
    • Excellent natural light throughout the space.
    • High traffic counts ensure maximum exposure.
    • Ample on‑site parking available for tenants and customers.
    • Modern HVAC systems for optimal climate control.
    • Recently renovated interior with updated finishes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spicewood
    County
    Spicewood
    State
    Texas
    Longitude
    -98.156574
    Latitude
    30.4760499

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    FAQs

    What type of property is this?
    Land - 3.85-Acre Commercial Lot, High Traffic
    Where is this land located?
    The property is located at State Hy 71 Spicewood, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: High-visibility corner lot at a signalized intersection.; Excellent natural light throughout the space.; High traffic counts ensure maximum exposure.
    Request Owner's contact information
    State Hy 71 Spicewood, TX 78669
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    Spicewood, TX 78669
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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
    State Hy 71 Spicewood, TX 78669
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