Positioned on 2.78 acres with strong frontage along Highway 290, this investment property offers a compelling opportunity for both owner-users and investors seeking growth potential in the path of development between Austin and Dripping Springs. The site features a well-maintained 4,227 SF two-story office building comprised of 11 individual suites, complemented by a 1,152 SF garage structure that has been converted into 3 Office suites and 1 Garage spot for the owner, located at the rear of the property. Currently operating at approximately 70% occupancy, the asset provides immediate cash flow with additional upside through lease-up and future development. The property also benefits from supplementary income generated through an annual sign lease and ground lease. Located outside the city ETJ, the tract allows flexibility for expansion, with ample room to construct additional buildings to maximize returns in this high-demand corridor.
5,429 Sq Ft
2.78 Private Acres Lot Size
commercial
$33,906 Annual Tax
Built in 1999
MLS/Listing ID 3032178
Parking - Garage Faces Front
Parking - Gravel
Parking - Parking Lot
Parking - Shared Driveway
Dryer Hookup
Washer Hookup
Construction
Insulation
Water Heater
Heating - Propane
Construction - Hardi Plank Type
Cooling - Electric
Cooling - Central Air
Vinyl
Parking - Garage Door Opener
Parking - Garage
Parking - Concrete
Parking - Common
Tile
Linoleum
Slab
Carpet
Hills View
Common Area
Accessible Stairway
Accessible Kitchen
Accessible Full Bath
Construction - Stone
TOTAL MONTHLY COST
$0
$0
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