801 Ranch Road 620 S, Lakeway, TX 78734
sale
$1,500,000
|
Other
Courtesy Of Compass RE Texas, LLC
Fronting Ranch Road 620- with 35,300 vehicles per day-this multi-tenant office property delivers immediate income with future flexibility. The 3,904 SF building sits on an improved +/-20,577 SF (0.4724 acres) site and is fully leased to long-standing tenants. While most tenants have operated from the property for years, lease expirations are near-term, creating a natural inflection point for a new owner to reposition the asset and capture market rent growth. A new roof completed in 2024 addresses a major capital item and supports a value-add strategy focused on repositioning, leasing, and long-term asset optimization. The offering also includes an adjacent +/-12,000 SF undeveloped parcel, with both parcels zoned C-1 (Office / Retail). This zoning provides flexibility for future expansion, alternative commercial uses, or longer-term redevelopment strategies, enhancing the property's covered land value. An ideal acquisition for investors who understand that income provides stability, lease rollover creates upside, and zoning creates options.
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Property Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Cooling System: Multi Units
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Varies by Unit
- Exterior Type: Wood Siding
- Exterior Type: Vinyl Siding
- Floors: 2
- Legal Description: ABS 738 SUR 24 SUHALZER F ACR 0.4724
- MLSID: 6789037
- Parking Spaces: 20
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