719 Brazos St Lockhart, TX 78644
This exceptional mixed-use property in downtown Lockhart, Texas, presents a unique investment opportunity. Located on Hwy 183, the 0.26-acre lot features a 4,883 square foot building, offering 4,663 square feet of net rentable space, priced at $239.61 per square foot. The property includes two units, perfect for a variety of uses, currently configured as a storefront and manufacturing space. Built in 1984, this single-story building sits on a commercially zoned lot and boasts convenient access via a driveway directly from Hwy 183. Ample parking is available at the rear. The building will be vacant upon purchase. While currently partially occupied, the rear portion offers significant potential for repurposing. The property is available for a 1031 exchange. This prime location on the main highway offers high visibility and accessibility, making it an ideal investment for entrepreneurs and businesses seeking a thriving downtown location. The property's versatility and central location make it a compelling opportunity for a wide range of commercial ventures. Occupancy is available September 30, 2024.
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.