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Investment Highlights

  • hwy traffic
  • open plan bick walls
  • Lampasas and san saba minutes away

Executive Summary

Unique Commercial Opportunity in the Heart of Lometa!
Now offered at $495,000, 101 N 4th Street in Lometa, Texas presents an excellent opportunity for an owner-user, investor, or entrepreneur looking for a versatile commercial property with strong potential. This spacious building offers approximately 6,475 square feet on a corner location with generous parking and multiple possible business uses.
Currently set up as an event venue with two separate gathering areas, the property can accommodate a variety of concepts. The larger hall is ideal for weddings, parties, community events, private celebrations, meetings, or entertainment-style use, while the smaller hall provides additional flexibility for smaller events, classes, retail space, office use, or private gatherings. Tables, chairs, décor, and sound system setup may allow a new owner to begin operating quickly with the right business plan.
The property’s layout and location create many possibilities for future use, including a food market, retail store, daycare, event center, community space, vendor market, restaurant-style concept, private club, bingo-style entertainment, or other commercial use, subject to city approval and any applicable permits. With a large open floor plan, multiple rooms, and good parking, the building gives a new owner room to be creative and bring a much-needed business or gathering place to the Lometa area.
This property may be especially attractive for someone looking to operate their own business while also creating additional income opportunities through events, rentals, vendor spaces, food service, or community-based activities. Located in a small-town setting with easy access and visibility, this is a rare chance to purchase a sizable commercial building at a price point that allows room for future growth.
Bring your vision and turn this property into Lometa’s next destination for food, retail, events, childcare, entertainment, or community gatherings.
“Buyer to independently verify zoning, permitted uses, parking requirements, licensing, and any city/county approvals for intended use.”

Property Facts

Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Day Care Center
Building Size
6,475 SF
Building Class
B
Year Built/Renovated
1965/2015
Price
$495,000
Price Per SF
$76.45
Tenancy
Single
Building Height
1 Story
Building FAR
0.57
Lot Size
0.26 AC
Zoning
GR - Zoned for Light Retail, Spa, Daycare, Restaurant, Bingo Hall, Banquet Hall, Food Market, Daycare,
Parking
35 Spaces (5.41 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Corner Lot
  • Drive Thru
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 6,475 SF
  • Retail
  • -
  • Now

Great Location; Nearby Lampasas, Great Hwy 281 Traffic that turns in to 4th street once you enter Lometa. Lots of space with two separate entrance. Space is great for Restaurant, Bingo Hall, Retail, Hardware Store, Day Care, Grocery Store. Lease Price is Negotiable.

Space Size Space Use Position Available
1st Floor 6,475 SF Retail - Now

1st Floor

Size
6,475 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 6,475 SF
Space Use Retail
Position -
Available Now

Great Location; Nearby Lampasas, Great Hwy 281 Traffic that turns in to 4th street once you enter Lometa. Lots of space with two separate entrance. Space is great for Restaurant, Bingo Hall, Retail, Hardware Store, Day Care, Grocery Store. Lease Price is Negotiable.

Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 7235
  • 7236
Land Assessment
$20,300
Improvements Assessment
$77,060
Total Assessment
$97,360
  • Listing ID: 40726355

  • Date on Market: 5/30/2026

  • Last Updated:

  • Address: 101 N 4th St, Lometa, TX 76853

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