2951 Fm 1460Georgetown, TX 78626

  • Other commercial real estate
  • 5.73 AC
For Sale
$450,000 View listing

Property Details for 2951 Fm 1460

Lot size
5.73 AC
Property type
Other commercial real estate
APN
R-20-5485-0000-0000
APU
R20548500000000

Description

This exceptional investment opportunity presents 46 vacant condo units within the Highland Vista Office Park in Georgetown, Texas. Located at 2951 FM1460, Unit 1401, this Class B property boasts a prime location strategically situated between IH-35 and SH-130 Toll Road, offering excellent visibility and accessibility. The 5.73-acre site features 18 single-story buildings, each ranging from 1,000 to 4,000 square feet, totaling over 46,000 net rentable square feet. Perfect for small professional businesses and medical practitioners, these units are ideal for owner-users, tenants, or investors. Built in 2024, the property is zoned C-1 for local commercial use and offers easy access to FM 1460. Initial occupancy is expected March 31, 2024. Condo association fees are estimated at $250 per month and cover exterior maintenance, including roof, exterior walls, parking lot, landscaping, building casualty insurance, trash, and water. Electricity is individually metered. The asking price is $450,000. This development is situated in one of the fastest-growing cities in the country, ensuring strong potential for appreciation and rental income. Don't miss this chance to own a piece of Georgetown's thriving commercial landscape.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $151,853,152
    Hospitality
    $139,096,672
    Educational
    $115,726,800
    Medical
    $119,706,824
    Retail
    $180,019,472

Location Insight

City
Georgetown
County
Williamson
State
Texas
CBSA code
12420
CBSA name
AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$2,058,623
$237,446
$2,296,069
-
$2,058,623
$237,446
$2,296,069

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