904 S Key Ave Lampasas, TX 76550
For Sale
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This exceptional commercial property, located at 904 S Key Ave in Lampasas, Texas, presents a remarkable investment opportunity. The 2,520 square foot building enjoys a highly visible position, benefiting from significant vehicle and pedestrian traffic due to its proximity to two major highways, Highway 183 and Highway 281. The property's layout is intelligently designed with two distinct lease spaces, each equipped with its own utility meters, offering flexibility for either a single large tenant or multiple smaller businesses. This setup provides significant operational independence and cost-effectiveness. The property is fully enclosed by a metal fence, ensuring security and privacy. Ample on-site parking is available for tenants and customers, enhancing convenience and accessibility. Adding to its practicality, a separate storage building is located at the rear of the main structure, providing additional space for inventory, equipment, or other storage needs. The 0.19-acre lot provides a comfortable footprint for the existing buildings and offers potential for future expansion or outdoor use. This turnkey commercial property is ready for immediate occupancy and represents a strong investment in a thriving Lampasas location. The asking price is $475,000.
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El Frias Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.