8270 Us Hwy Lampasas, TX 76550

Property Details for 8270 Us Hwy

Lot size

6.47 lot acres

Property type

Commercial real estate

Description

This exceptional 6.47-acre commercial property boasts 566 feet of frontage on Highway 190, just five miles east of Lampasas, Texas. The land is fully fenced and lightly restricted, offering significant development potential. Its prime location ensures high visibility and accessibility for businesses seeking a prominent presence along a major thoroughfare. Existing infrastructure includes a water meter and electrical service readily available on Highway 190, simplifying the development process. The property benefits from a low tax rate of 1.54%, making it an attractive investment. Furthermore, the area is experiencing phenomenal projected population growth, promising future appreciation. This presents a unique opportunity to establish a secluded residential property or a high-traffic commercial enterprise. Attractive owner financing is available with an 8.35% interest rate on a 5-year balloon payment plan, amortized over 25 years. A minimum 15% down payment is required. The seller is offering a contribution of up to $10,350 towards closing costs, provided closing occurs on or before March 28, 2025. This is a rare chance to acquire a substantial parcel of land in a rapidly growing area with favorable financing terms. Don't miss this opportunity to secure your future in a desirable location.

Location Insight

City

Lampasas

County

Lampasas

State

Texas

Longitude

-98.0584

Latitude

31.0653