1305 S Key Ave - Office FOR SALE


Lampasas, TX 76550
$1,600,000 USD
1305 S Key Ave, Lampasas, TX for Sale
$1,600,000 USD
Office - FOR SALE
1/33
null | 7.4% Cap Rate

1305 S Key Ave
Lampasas, TX 76550


HIGHLIGHTS

  • Heavy Daytime Traffic High Visibility Location
  • Stabilized Leasing /Legacy Tenants
  • Excellent Operational Stability

OVERVIEW

Bring your vision to Lampasas with this 20,000 square-foot two-story office building. Use it or remove it! This location reaps the benefits of a THREE HIGHWAY corridor where ALL THREE MAJOR Highways, Highway 281, Highway 183 and Highway 190 flow through ever-growing Lampasas Texas. Current daily TXDOT car count of 15,720 and 200 feet of highway frontage, this corner lot is just a stone's throw and in view of a major intersection of Highway 190 and the connection route to Highway 281. The established building serves as home to several tenants and has room for even more. As a general income investment or the future location of another venture, the attached oversized parking lot allows for ample parking or additional building space. The current seller owns additional land across the side street that can be purchased, adding to your vision, offering even more possibilities.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

Multi Zoning

APN/PARCEL ID

1827 & 1830

ASK ABOUT THIS PROPERTY

Leah CaruthersTexas Real Estate SalesMore Info

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