1208 Rnch Rd 620th S Lakeway, TX 78734-6312
- Day care centers
- 8,849 SF
- 5.41 lot acres
Current Use by Public Records
- NXTLVL Marine Austin / Boat Dealer / Boat Cover Supplier
- Austin Boats & Motors / Marine Supply Store
- U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
Property Details for 1208 Rnch Rd 620th S
- Year built
- 1984
- Construction
- STEEL FRAME
- Lot size
- 5.41 lot acres
- Property size
- 8,849 SF
- Property type
- Day care centers
- APN
- 135700315
- APU
- 135700315
Description
This exceptional commercial property in Lakeway, Texas, presents a rare investment opportunity. Located at 1208 and 1308 Ranch Road 620 South, this 5.5+ acre site boasts approximately 440 feet of frontage on a high-traffic corridor (approximately 50,000 vehicles daily). The property comprises two parcels: a larger 5.2+ acre lot zoned C-2 Commercial/Light Industry, allowing for retail, showroom, service, and storage; and a smaller 0.36-acre lot zoned C-1 Office/Retail, offering flexibility for separate office space or integration into a larger operation. Five existing buildings totaling approximately 25,000 square feet are currently in place. The property is situated in a highly desirable area of Lakeway, within the Austin MSA, known for its affluent communities and strong economic growth. Site plans are available, and the seller is open to a leaseback arrangement following the sale. This unique offering combines prime location, flexible zoning, and existing infrastructure, making it ideal for a variety of commercial uses. The property's APN numbers are 438651 and 438652, and the zip code is 78734. This is a truly exceptional opportunity to acquire a significant commercial property in a rapidly growing market. The total square footage is between 15,000 and 25,000 square feet. The property is currently used as a boat dealership and service center, but the business itself is not included in the sale.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,640,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,320,000
- 6.5%
- $1,510,000
- 7%
- $1,525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,270,000
- Geo Method
- $1,270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,425,000
- Retail
- $1,505,000
- Mixed-Use
- $1,465,000
- Hospitality
- $1,400,000
- Educational
- $1,345,000
- Residential Income
- $1,140,000
- Energy
- $1,140,000
- Income-Based Land
- $1,420,000
- Food Service
- $1,240,000
Location Insight
- Map
- Local Demand
- City
- Lakeway
- County
- Travis
- State
- Texas
- Longitude
- -97.9643
- Latitude
- 30.3511
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
