20500 FM 1431 Lago Vista, TX 78645
UPDATED:  
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1400000
/mo

-1Bed

-1Bath

-1SqFt

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Key Details

Property Type: Commercial, Commercial Sale

Sub Type: Office

Listing Status: Active

Purchase Type: For Sale

Lot Size: 0.800 Acres

Year Built: 2001

MLS Listing ID: 3342864

Subdivision: Bar-K Ranches Sec 05

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

Location

State: TX

County: Travis

Area: Ln

Zoning: C1

Interior

Heating: Central

Cooling: Central Air

Flooring: Carpet,Laminate

Furnishings: Unfurnished

Heat Source: Central

Exterior

Pool: Familial Relation

Community Features: None

Utilities Available: Cable Available,Electricity Available,High Speed Internet Available,Other

Waterfront: Yes

Waterfront Description: Waterfront,Lake

View Y/N: Yes

View: Hills,Lake,River

Roof Type: Metal

Topography: Rolling

Street Surface: Asphalt,Concrete,Paved

Accessibility: Customized Wheelchair Accessible,Accessible Approach with Ramp,Accessible Doors

Parking Type: None

Total Parking Spaces: 24

Building

Lot Description: Sloped Down,Near Golf Course,Rolling Slope

Story: 2

Foundation: Slab

Sewer: Public Sewer

Water: Public

Others

Pets Restrictions: No

Tax Amount: $25,670

Tax Year: 2018

Acceptable Financing: Cash,Conventional,Lender Approval,VA Loan

Special Sale: Standard

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    Tim Kress

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