23541 Fm 306 Canyon Lake, TX 78133
For Sale
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Prime Commercial Land & Building +/- 5.33 Acres on FM 306 | Income-Producing Opportunity Near Canyon Lake Property Description: Discover a rare opportunity to own +/- 5.33 acres of commercial land improved with a 6,000 SF metal building along high-traffic FM 306 . Positioned minutes from Canyon Lake , this property sits amid a thriving area of new residential construction and upscale communities , making it ideal for future growth and development. The property’s frontage and visibility along FM 306 create strong potential for a variety of uses—whether as a commercial, retail, or mixed-use development , or as an owner-user site . In addition to its development flexibility, the property currently generates recurring monthly income from an existing sign lease , offering immediate return while planning future improvements or redevelopment. With its strategic location , excellent exposure , and steady local expansion , this asset provides a compelling balance of short-term income and long-term appreciation potential in one of the Hill Country’s most desirable markets
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.