2570 Co Rd Spicewood, TX 78669
This exceptional 4.2-acre property in Spicewood, Texas (78669), presents a unique redevelopment opportunity. Located at 2570 County Road 414, at the entrance to the Muleshoe Bend Recreation Area, this unrestricted Burnet County land offers unparalleled access to Lake Travis and its recreational amenities. The property includes a recently constructed (2022), 2,000 square foot metal building (40ft x 50ft) with 16-foot ceilings, two 14-foot roll-up doors, and a concrete slab. Existing infrastructure includes water and electricity, and the property is fully fenced with a private driveway. The $595,000 asking price equates to $297.50 per square foot. Its flat topography and natural tree buffer provide a versatile canvas for various development projects, including senior housing, doggie daycare, flex space, or a hybrid model combining large-format storage with an RV campground. The property's proximity to upscale communities and the high demand for premium storage solutions in this area create a strong investment potential. The existing building is immediately usable for a variety of purposes, offering flexibility and immediate return on investment. This prime location, coupled with its existing infrastructure and unrestricted zoning, makes this an ideal investment for developers seeking a high-return project in a desirable Texas location.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.