Property profile

205 Lisa Ln Georgetown, TX 78626

OFF-MARKET
Office Spaces
1.43 ac lot
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Property summary

AI-generated overview

This exceptional 1.429-acre commercial land parcel in Georgetown, Texas, presents a compelling value-add investment opportunity. Located at 205 Lisa Ln, 78626, in Williamson County, this Class B property offers significant potential for development as self-storage or a laundromat. Its strategic location between three RV parks makes it ideally suited for these uses, catering to a readily available customer base. The seller will be applying for a septic permit, valid for up to three years, streamlining the development process. Furthermore, the property benefits from a newly established easement, providing paved and curbed access roads, a crucial element given the recent purchase of 130 acres of adjacent land by Lennar Homes. This easement, secured through negotiations with Georgetown representatives, ensures convenient access and enhances the property's overall value and development potential. The asking price for this prime commercial land is $190,000. This property is zoned for commercial use and presents a rare opportunity to capitalize on the growth and development occurring in the Georgetown area. The property's proximity to major roadways and its strategic location near established businesses make it an attractive investment for both experienced and emerging developers.

Property profile

Verified
Property type Office Spaces
Lot 1.43 ac (62,247 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

205 Lisa Ln Georgetown, TX 78626
Georgetown metro
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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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