700 Medina St Lockhart, TX 78644
- Commercial real estate
- 16,364 SF
- 1.03 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 700 Medina St
- Year built
- 1975
- Lot size
- 1.03 lot acres
- Property size
- 16,364 SF
- Property type
- Commercial real estate
- APN
- 19603
Description
This exceptional value-add investment opportunity presents a 26-unit apartment building situated on a 1.03-acre lot in Lockhart, Texas. The property, known as Carlatan, is located at 700 N Medina St, 78644, within Caldwell County. Built in 1975, this multifamily complex comprises two, two-story buildings totaling 16,364 square feet. The property is zoned for Residential High Density, offering significant potential for future development or renovation. Carlatan provides a unique opportunity to capitalize on the growing Lockhart market, conveniently located just 30 miles from Austin, Texas. The property's location benefits from the recent addition of State Highway 130, contributing to Lockhart's expanding economy. This established community offers a slower pace of life while remaining close to the vibrant Austin metropolitan area. The property's APN is 19603. This is a Class C multifamily investment, presenting a compelling opportunity for investors seeking value-add potential in a thriving Texas market. The property's 26 units provide a solid foundation for immediate income generation and future growth. The substantial lot size also offers potential for expansion or additional development. This is a rare opportunity to acquire a well-positioned multifamily asset in a rapidly developing area.
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
- Lockhart
- County
- Caldwell
- State
- Texas
- Longitude
- -97.68558278
- Latitude
- 29.88900781
