2220 Lakeway Blvd Lakeway, TX 78734-5132
- Office buildings
- 8,320 SF
- 1.05 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2220 Lakeway Blvd
- Year built
- 2009
- Lot size
- 1.05 lot acres
- Property size
- 8,320 SF
- Property type
- Office buildings
- APN
- 137760104
- APU
- 137760104
Description
This exceptional two-story, Class A office building in Austin, Texas, presents a compelling value-add investment opportunity. Located at 2220 Lakeway Blvd, in the highly desirable Lakeway neighborhood, this 8,320 square foot property boasts 100% occupancy across five diverse tenants in a multi-tenant lease structure (NNN). Built in 2009 on a 1.05-acre lot, the building benefits from high visibility on Lakeway Boulevard, a major traffic corridor, and proximity to Ranch Road 620 (50,150+ vehicles per day). The property's current Net Operating Income (NOI) is $163,544, yielding a 6.00% cap rate, with below-market rents averaging $19.42 per square foot, offering significant upside potential. Situated just one mile from the Lakeway Airpark, 15 miles from downtown Austin and the Texas State Capitol, and 20 miles from Austin-Bergstrom International Airport, this location provides unparalleled convenience and accessibility. The surrounding area features an average household income exceeding $203,600 within a one-mile radius. The asking price is $2,725,000 ($327.52 per square foot). Rent bumps are included in the lease agreements. This property is ideal for investors seeking strong cash flow and future appreciation in one of Austin's fastest-growing markets.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakeway
- County
- Travis
- State
- Texas
- Longitude
- -97.9803
- Latitude
- 30.3577
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
