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229 Ranch Road 620 Lakeway, TX 78734

OFF-MARKET Farms Google Maps
0.88 ac lot
Estimated value
No estimation on file for this property yet.
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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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