605 State Highway 95 Taylor, TX 76574
- Commercial real estate
- 2,772 SF
- 1.54 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 605 State Highway 95
- Year built
- 1987
- Lot size
- 1.54 lot acres
- Property size
- 2,772 SF
- Property type
- Commercial real estate
- APN
- R-13-3000-1001-00054
- APU
- R133000100100054
Description
This exceptional 1.538-acre commercial land parcel in Taylor, Texas, presents a compelling investment opportunity. Strategically located on State Highway 95, just five minutes north of downtown Taylor, this property sits within the city's extraterritorial jurisdiction (ETJ), offering flexibility for future development. Currently generating a substantial cash flow of approximately $6,000 per month ($72,000 annually) from multiple tenants under month-to-month (MTM) leases, the property provides immediate income potential. A buyer can choose to extend existing leases or pursue redevelopment, aligning with their investment strategy. The property boasts three-phase power to the existing buildings. The low tax rate of 1.6% further enhances the investment's attractiveness. With a pro-forma NOI of $60,000 and a pro-forma cap rate of 9.23%, this property offers a strong return on investment. The asking price is $650,000, and owner financing is available. This prime location in Williamson County, with its address at 605 State Hwy 95, Taylor, TX 76574, offers significant potential for growth and profitability. The property's zoning designation is ETJ.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Taylor
- County
- Williamson
- State
- Texas
- Longitude
- -97.4334
- Latitude
- 30.6381
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
