1703 Lancer Ln - Specialty FOR SALE


Austin, TX 78733- Lake Austin
$1,375,000 USD
512-585-9380
1703 Lancer Ln, Austin, TX for Sale
$1,375,000 USD
Specialty - FOR SALE
1/11
null | 5.09% Cap Rate

1703 Lancer Ln
Austin, TX 78733
Lake Austin


HIGHLIGHTS

  • Three contiguous lots sold together with nearly one acre of combined land area.
  • Generates $70,000+ annually with 13 RV rental spots and a leased garage with lift.
  • Located within Eanes Independent School District, a top-rated district in Texas.
  • Positioned only 1.1 miles from Lake Austin water access and near luxury homes.
  • Non-residential zoning allows for commercial or mixed-use redevelopment, with option to revert to residential.
  • No deed restrictions create maximum flexibility for future use or investment strategy.

OVERVIEW

This West Austin portfolio offers three contiguous lots totaling nearly one acre, presented as a single purchase opportunity ideal for investors seeking steady income and long-term flexibility. Currently operating as an RV park, the property features 13 designated RV rental spaces and a rentable garage with a lift, collectively generating an annual NOI exceeding $70,000 according to the offering memorandum. Situated within the highly desirable Eanes ISD, one of Texas' premier school districts, the property is surrounded by luxury residential development and located just 1.1 miles from Lake Austin’s water access. The site benefits from non-residential zoning approved by Travis County, making it suitable for nearly any commercial or mixed-use project. It can also convert to residential if desired, offering maximum optionality for future redevelopment. There are no deed restrictions on record, allowing an investor to run the current business as-is or redevelop in phases, enabling cost coverage while repositioning. With robust zoning flexibility, strong income performance, and its placement near Westlake High School and high-value neighborhoods, this property is well-positioned for long-term appreciation and diverse income strategies.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

5.09%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saracen / Lancer RV Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,864 SF

ZONING

No Zoning

APN/PARCEL ID

129482,129483,129484

ASK ABOUT THIS PROPERTY

Tim DowlingBeyond The Move Realty, LlcMore Info
512-585-9380

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Tim DowlingBeyond The Move Realty, LlcMore Info
512-585-9380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.