Lago Vista, TX 78645
- Office Properties & Spaces
- 11,000 SF
- 4.10 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details
- Lot size
- 4.10 lot acres
- Property size
- 11,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property in Lago Vista, Texas, presents a compelling investment opportunity. Located at 20711 RM 1431, this 4.1-acre lot features a single-story, 11,000 square foot traditional office building currently generating a positive net operating income (NOI) from an existing lease. The property boasts a highly visible hard corner location, offering significant potential for future development on the excess land. The building itself is a single-unit structure, ideal for a variety of uses. The property is situated in Travis County, Texas, with a zip code of 78645. The occupancy date for the existing lease is October 17, 2024. This property offers a unique blend of immediate income generation and substantial long-term development potential, making it an attractive investment for discerning buyers seeking a strong return on investment in a desirable Texas location. The existing building's functionality and the ample available land provide flexibility for a range of future development scenarios. This is a rare opportunity to acquire a well-situated property with both immediate income and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lago Vista
- County
- Travis
- State
- Texas
- Longitude
- -97.9751
- Latitude
- 30.4778
