229 Ranch Road 620, Lakeway, TX 78734
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.