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    OFF-MARKET
    Farms

    229 Ranch Road 620, Lakeway, TX 78734

    0.88 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property in Lakeway, Texas, presents a rare opportunity for development. Encompassing approximately 0.88 acres, this site is comprised of three contiguous lots strategically positioned on a corner, offering unparalleled visibility and accessibility. The property boasts approximately 200 feet of frontage on Ranch Road 620, a major thoroughfare, placing it in close proximity to established businesses, including a Lexus dealership. Its level topography simplifies construction and enhances site utilization. The C-1 zoning allows for a 60% impervious cover, providing flexibility in development plans. A pre-existing driveway from Ranch Road 620 is already in place, streamlining access and reducing initial infrastructure costs. This prime location in the highly desirable Lakeway area offers exceptional potential for a wide range of commercial ventures, capitalizing on the high traffic volume and strong local economy. The three combined lots provide ample space for a substantial development, making this one of the most attractive commercial land opportunities currently available in the Lakeway lake area. The property's strategic location and zoning regulations make it an ideal investment for discerning developers seeking a high-impact commercial project.

    Property profile
    Verified
    Property type Farms
    Lot 0.88 ac (38,333 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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