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21601 & 21521 W State Highway 71 21601 W State Hwy 71 2,500 SF 100% Leased Retail Building Spicewood, TX 78669 $2,250,000 ($900/SF) 22% Cap Rate
EXECUTIVE SUMMARY
BUSINESS & LAND FOR SALE. A unique and lucrative opportunity is available with the sale of two adjacent commercial properties located at 21601 and 21521 State Highway 71 West in Spicewood, Texas. Situated along one of the region’s busiest highways in the rapidly growing Texas Hill Country, this offering includes the land, buildings, operating automotive business, all associated equipment, and rental income from established tenants—making it an ideal investment for owner-operators or those seeking income-producing property with long-term upside.
The first property, located at 21601 State Highway 71 West, features a 2,500 square foot commercial building on a one-acre lot. Built in 2004, the facility is fully equipped and currently operating as an automotive service business. It includes four service bays, retail or office space, exterior loading docks, and on-site parking for approximately 15 vehicles. With 127 feet of frontage on Highway 71, the property offers excellent visibility, monument signage, and 24-hour access. The sale includes the real estate, all equipment, and the existing business operation—allowing for a smooth transition with immediate income potential.
The adjacent parcel at 21521 State Highway 71 West consists of a one-acre lot with a 696 square foot building. This site currently hosts multiple food trucks that are collectively paying $5,000 per month in rent, providing reliable passive income. With no zoning restrictions, the property allows for flexible use and future development possibilities.
The two properties are being offered together at $2,250,000. However, each lot may be sold separately upon request, offering further flexibility to buyers. Combined or individually, these sites provide exceptional commercial potential in one of Central Texas’s most dynamic growth corridors.
The first property, located at 21601 State Highway 71 West, features a 2,500 square foot commercial building on a one-acre lot. Built in 2004, the facility is fully equipped and currently operating as an automotive service business. It includes four service bays, retail or office space, exterior loading docks, and on-site parking for approximately 15 vehicles. With 127 feet of frontage on Highway 71, the property offers excellent visibility, monument signage, and 24-hour access. The sale includes the real estate, all equipment, and the existing business operation—allowing for a smooth transition with immediate income potential.
The adjacent parcel at 21521 State Highway 71 West consists of a one-acre lot with a 696 square foot building. This site currently hosts multiple food trucks that are collectively paying $5,000 per month in rent, providing reliable passive income. With no zoning restrictions, the property allows for flexible use and future development possibilities.
The two properties are being offered together at $2,250,000. However, each lot may be sold separately upon request, offering further flexibility to buyers. Combined or individually, these sites provide exceptional commercial potential in one of Central Texas’s most dynamic growth corridors.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$5,000
|
$2.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$5,000
|
$2.00
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $2.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $2.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,500 SF
Building Class
B
Year Built
2004
Price
$2,250,000
Price Per SF
$900
Cap Rate
22%
NOI
$495,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
NO ZONING - NO ZONING
Parking
15 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
127’ on W State Hwy 71
AMENITIES
- 24 Hour Access
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 576857 | Improvements Assessment | $468,658 (2025) |
| Land Assessment | $217,800 (2025) | Total Assessment | $686,458 (2025) |
PROPERTY TAXES
Parcel Number
576857
Land Assessment
$217,800 (2025)
Improvements Assessment
$468,658 (2025)
Total Assessment
$686,458 (2025)
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