3317 Highway 29 Bertram, TX 78605
- Commercial real estate
- 33.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3317 Highway 29
- Year built
- 2008
- Lot size
- 33.30 lot acres
- Property type
- Commercial real estate
Description
This exceptional 33.3-acre commercial property boasts over 340 feet of frontage on State Highway 29 in the rapidly developing eastern Burnet County, Texas. Situated just 2.5 miles east of Bertram, 7.5 miles west of Liberty Hill, and within convenient driving distance of Austin (approximately 40 miles), this unrestricted property presents a multitude of investment opportunities. Currently generating income via a leased bar and grill ("Hometown Watering Hole"), the lease agreement extends through December 31, 2023. The bar itself, constructed in 2008 according to Burnet County Appraisal District records, comprises a 5,301 sq ft main area, a 960 sq ft storage area, and a substantial concrete patio and porch. Also included is a 3,000 sq ft (per owner) residential home featuring three bedrooms, three and a half bathrooms, ample storage, and a large concrete patio. While the home requires some cosmetic updates, it adds significant value to the property. The property's unrestricted zoning allows for diverse commercial uses, including but not limited to RV parks, storage units, RV and boat storage, industrial facilities, and retail establishments. Currently benefiting from a 1-d-1 Ag appraisal with cattle, the property enjoys low property taxes and holding costs, making it an attractive investment opportunity with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bertram
- County
- Burnet
- State
- Texas
- Longitude
- -98.0521
- Latitude
- 30.7493
