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10401 E Highway 71 11,940 SF 100% Leased Office Building Spicewood, TX 78669 $1,295,000 ($108.46/SF)



INVESTMENT HIGHLIGHTS
- Great Highway 71 Frontage
- Opportunity for Signage along the Highway
- Space uses are negotiable
- Plenty of on site parking
EXECUTIVE SUMMARY
If you are in a hurry to build a class "A", "B" type building for your business you have come to the right place. K&G Industrial LLC is offering this shovel ready turn key building site ready for immediate construction end of October 2024 after completing all the infrastructure items (i.e., includes driveway in and paved, rention pond & associated engineering completed, new water well (public water), electrical conduit to pedestal area, retaining walls in, septic system complete with leach field.)) This Site#4 will be for the final building to be added to our 5.43 acre site. Even though we have completed 75% of our project with 3 buildings completed and all leased out we have decided to sell building site#4 to take advantage of another business opportunity. We could just continue with a class "C" type building for building Site#4 but we think Site#4 with the best exposure to E Hwy 71 traffic warrants an upscale type building (i.e., class "A" or "B" type building). If you need to put something up quickly and don't have time to start from scratch and jump through all the development hoops then this could solve the time issue for you. We will be spending around $200K over the next 3 months to finish the infrastructure items mentioned previously. We are asking $1.295 million for this turn key site ready to go with all permits in place, all site engineering work completed, and all infrastructure work listed in and paid for. We have 5 parcel numbers for our 5.43 acres.
The parcel# for Bldg#4 is: #122322. The fifth parcel number #58092 is for the common area including retention ponds. We would need to have a provision in the contract to add 25% of parcel#58092 to be transferred or owned by the buyer of Bldg Site #4. So the total land you would be buying for Site#4-Bldg#4 is 25% of 5.43 acres which equals 1.3575 acres. We will consider an offer to sell all the property including 3 leased buildings (ie., Bldg#1=12,000 sqft, Bldg#2=11,940 sqft # Bldg #3=10,140 sqft for $8.5 Million) do to recent business opportunity we want to take advantage of.)
The parcel# for Bldg#4 is: #122322. The fifth parcel number #58092 is for the common area including retention ponds. We would need to have a provision in the contract to add 25% of parcel#58092 to be transferred or owned by the buyer of Bldg Site #4. So the total land you would be buying for Site#4-Bldg#4 is 25% of 5.43 acres which equals 1.3575 acres. We will consider an offer to sell all the property including 3 leased buildings (ie., Bldg#1=12,000 sqft, Bldg#2=11,940 sqft # Bldg #3=10,140 sqft for $8.5 Million) do to recent business opportunity we want to take advantage of.)
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Office
Building Size
11,940 SF
Building Class
B
Construction Status
Proposed
Price
$1,295,000
Price Per SF
$108.46
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,940 SF
Building FAR
0.05
Lot Size
5.43 AC
AMENITIES
- Pond
- High Ceilings
PROPERTY TAXES
| Parcel Number | 58092 | Improvements Assessment | $189,658 |
| Land Assessment | $246,059 | Total Assessment | $435,717 |
PROPERTY TAXES
Parcel Number
58092
Land Assessment
$246,059
Improvements Assessment
$189,658
Total Assessment
$435,717
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K&G Industrial LLC
10401 E Highway 71
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