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    20500 Fm 1431 S

    Lago Vista, TX 78645
    • $1,400,000
    • STATUS: Active
    • ID#: 3342864
    $1,400,000
    • 0
      BEDS
    • 0.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,996
      SQFT
    • $280
      $/SQFT
    Neighborhood:
    Bar-K Ranches Sec 05
    Type:
    Commercial
    Built:
    2001
    County:
    Travis
    Area:
    Lago Vista

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    Description

    HIGHWAY FRONTAGE! Beautiful custom 2 story office building w/ 2500 sf up & 2500 sf down. Down divided into 3 separate offices. 2 end units larger than middle unit of 343 sf. State Farm & Independence Title occupy the end units downstairs. Highland Lakes RE occupies the upstairs (avail. to new owner). All steel construction w/ stucco & Austin stone. Extremely well maintained. Original owner. Financials avail to qualified prospects only. The current lease rate is under the market of $18+ allowing the owner to retain industry-related tenants. Now $16.80 PSF + NNN. Room for an increase at lease renewal. Good 1031 target. *Pro Forma financial. Highland Lakes will honor it's lease.Restrictions: Yes

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    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-03-01T00:24:56.097.
    www.zinasells.com/homes/105725360
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    20500 Fm 1431 S Lago Vista, TX 78645

    • Price: $1,400,000
    • Status: Active
    • ID#: 3342864
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.8
    Acres
    4,996
    SQFT
    $280
    $/SQFT
    2001
    Built
    Neighborhood:
    Bar-K Ranches Sec 05
    County:
    Travis
    Area:
    Lago Vista
    Property Description
    HIGHWAY FRONTAGE! Beautiful custom 2 story office building w/ 2500 sf up & 2500 sf down. Down divided into 3 separate offices. 2 end units larger than middle unit of 343 sf. State Farm & Independence Title occupy the end units downstairs. Highland Lakes RE occupies the upstairs (avail. to new owner). All steel construction w/ stucco & Austin stone. Extremely well maintained. Original owner. Financials avail to qualified prospects only. The current lease rate is under the market of $18+ allowing the owner to retain industry-related tenants. Now $16.80 PSF + NNN. Room for an increase at lease renewal. Good 1031 target. *Pro Forma financial. Highland Lakes will honor it's lease.Restrictions: Yes
    Exterior Features

    Attached Garage YN No Bays 0 Construction Materials ConcreteSynthetic Stucco Covered Spaces 24 Exterior Features Lake Foundation Details Slab Garage YN No Lot Features Near Golf CourseRolling SlopeSloped Down Parking Features None Patio And Porch Features None Road Surface Type AsphaltConcretePvd Roof Metal Stories Total 2 Topography Rolling View Hill CountryLakeRiver View YN Yes Waterfront Features Lake Front Waterfront YN Yes

    Interior Features

    Building Area Total 4996 Cooling Central Air Flooring CarpetLaminate Heating Central Laundry Location None Main Level Bedrooms 0 Num Other Level Beds 0

    Property Features

    Accessibility Features Accessible Approach With RampCustomized Wheelchair AccessibleAccessible Doors Building Features Conference RoomPrivate Restrooms Community Features None Current Use Office Estimated Taxes 25670 Horse YN No Listing Terms CashConventionalLender ApprovalVa Loan Pets Allowed No Pool Features None Pool Private YN No Property Condition See Remarks Property Sub Type Office Sewer Public Sewer Spa Features None Special Listing Conditions Standard Tax Annual Amount 25670 Utilities Electricity AvailableInternet-CableOther Water Source Public

    Property listed by Highland Lakes Real Estate.


    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-03-01T00:24:56.097.
     
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    614 Seventh St.
    Marble Falls TX, 78654