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    FOR SALE
    Commercial real estate

    408 S Main St, Lampasas, TX 76550

    8,440 SF 0.38 ac lot Built 1976
    Entity Owned Free & Clear
    Property ID
    US82-6054677
    Property summary
    AI-generated overview

    This 8,440-square-foot single-tenant flex/warehouse space at 408 S Main Street in Lampasas, Texas, presents a unique opportunity. Located in the heart of downtown, this Class C property boasts a prime location, just across from the Lampasas Police Department and two blocks from the historic downtown square. The building, constructed in 1976 and extensively renovated in 2024, offers a 12'-15' ceiling height, perfect for various uses. With eight drive-in bays and five total parking spaces, access and convenience are maximized. The property features new roll-up doors with automatic openers, providing easy access for loading and unloading. The flexible layout allows for customization to suit a tenant's specific needs, making it ideal for businesses such as automotive repair, roofing, HVAC, plumbing, or even retail ventures. The 0.38-acre lot has a building floor area ratio (FAR) of 51. The property is zoned for retail use and benefits from its proximity to major highways (183, 281, and 190). The estimated delivery date as a shell is December 1st, 2024. Annual property taxes are approximately $0.60 per square foot. The building is served by 3-phase, 200-amp power. This property is offered on a triple net (NNN) lease basis at an estimated $2.25 per square foot.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1976
    Total area 8,440 SF
    Lot 0.38 ac (16,379 SF)
    APN 150
    UPID US82-6054677
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    SECOND OAK LLC
    SECOND OAK LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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