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Investment Highlights

  • PLEASE VIEW THE WEBSITE : https://townesquarecondosforsale.com/
  • Please visit the Data Room below for detailed financial information.

Executive Summary

Granbury Historic Charm meets Lakefront Luxury Living, a rare investment opportunity. Just two blocks from the historic downtown square and located on beautiful Lake Granbury, Towne Square Condominiums at The Lodge of Granbury offers an exceptional combination of location, stability, and upside potential. Most units feature south-facing balconies that stay comfortable all day long, even in the summer. Granbury has been awarded, three times, the distinction of America’s Best Small Town in America. The property is currently 100% leased and January's income was $50,963. These 27 condominiums, representing 40% ownership interest, provide the new owner(s) with significant influence in major HOA decisions and the long-term direction of the community. This is a rare opportunity for an investor to acquire one of Granbury’s most desirable lakefront communities—offering strong current income and outstanding long-term appreciation potential. This rare opportunity of lakefront living and Granbury’s historical charm is being offered for $5,995,000. The new owner(s) will have an immediate equity position exceeding $1,000,000 based on individual retail sales. All tours must be accompanied by the owner’s representatives. Unaccompanied visits are strictly prohibited. These are privately owned condominiums — respect for residents’ privacy is paramount. Please Note: The City of Granbury prohibits Airbnb-style or other short-term rentals in multifamily zoned properties, which applies to these condos. Please click the link below to view more information and book a tour.

Data Room Click Here to Access

27 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1101
  • 1,200 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 1102
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 1201
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 1203
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 1204
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 1205
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 1301
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 1303
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 2106
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 2107
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 2108
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 2207
  • 635 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 2305
  • 1,200 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4101
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4104
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4105
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4106
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4107
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4108
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4205
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4206
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4208
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4301
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4303
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4305
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4306
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
  • Unit 4308
  • 867 SF
  • Office
  • Upon Request
  • -
Sale Type Investment
Unit Unit Size Condo Use Price NOI
Unit 1101 1,200 SF Office Upon Request -
Unit 1102 635 SF Office Upon Request -
Unit 1201 635 SF Office Upon Request -
Unit 1203 635 SF Office Upon Request -
Unit 1204 635 SF Office Upon Request -
Unit 1205 635 SF Office Upon Request -
Unit 1301 635 SF Office Upon Request -
Unit 1303 635 SF Office Upon Request -
Unit 2106 635 SF Office Upon Request -
Unit 2107 635 SF Office Upon Request -
Unit 2108 635 SF Office Upon Request -
Unit 2207 635 SF Office Upon Request -
Unit 2305 1,200 SF Office Upon Request -
Unit 4101 867 SF Office Upon Request -
Unit 4104 867 SF Office Upon Request -
Unit 4105 867 SF Office Upon Request -
Unit 4106 867 SF Office Upon Request -
Unit 4107 867 SF Office Upon Request -
Unit 4108 867 SF Office Upon Request -
Unit 4205 867 SF Office Upon Request -
Unit 4206 867 SF Office Upon Request -
Unit 4208 867 SF Office Upon Request -
Unit 4301 867 SF Office Upon Request -
Unit 4303 867 SF Office Upon Request -
Unit 4305 867 SF Office Upon Request -
Unit 4306 867 SF Office Upon Request -
Unit 4308 867 SF Office Upon Request -

Unit 1101

Unit Size
1,200 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 1102

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 1201

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 1203

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 1204

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 1205

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 1301

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 1303

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 2106

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 2107

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 2108

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 2207

Unit Size
635 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 2305

Unit Size
1,200 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4101

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4104

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4105

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4106

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4107

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4108

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4205

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4206

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4208

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4301

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4303

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4305

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4306

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 4308

Unit Size
867 SF
Condo Use
Office
Price
Upon Request
NOI
-

Unit 1101

Unit Size 1,200 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 1102

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 1201

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 1203

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 1204

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 1205

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 1301

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 1303

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 2106

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 2107

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 2108

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 2207

Unit Size 635 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 2305

Unit Size 1,200 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4101

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4104

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4105

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4106

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4107

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4108

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4205

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4206

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4208

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4301

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4303

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4305

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4306

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Unit 4308

Unit Size 867 SF
Condo Use Office
Price Upon Request
NOI -
Sale Type Investment

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 65,000 SF
Property Type Multifamily
Property Subtype Apartment
Building Class C
Floors 3
Typical Floor Size 21,667 SF
Year Built 1983
Lot Size 0.99 AC

Amenities

Site Amenities

  • 24 Hour Access
  • Clubhouse
  • Pool
  • Property Manager on Site
  • Package Service
  • Dock
  • Lake Access
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - 635
1+1 31 - 635 - 867
1+1.5 10 - 867
1+2 7 - 867
2+2 11 - 1,200
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Amenities

Restaurants

The Pan Handle - - 4 min walk
Ketzler's Schnitzel Haus German $$ 5 min walk
Paradise Bistro & Coffee Co Bistro $$ 4 min walk
Eighteen Ninty Grille American $$$$ 4 min walk
Babe's Chicken Dinner House - - 6 min walk
Fuzzy's Taco Shop - - 6 min walk
Joe's Pizza & Pasta Pasta $$ 10 min walk

Retail

Goosehead Insurance Insurance 4 min walk
Allstate Insurance Company Insurance 5 min walk
United States Postal Service Business/Copy/Postal Services 11 min walk

Hotels

Hilton Garden Inn
106 rooms
2 min drive
Quality Inn
53 rooms
5 min drive
Holiday Inn Express
64 rooms
5 min drive
La Quinta Inns & Suites
57 rooms
5 min drive
Best Western
55 rooms
5 min drive

Sale Advisor

Sale Advisor

GL Couch Properties LLC
Contact
Gary Couch, President
Gary Couch is the President of GL Couch Properties LLC.
  • Listing ID: 39403062

  • Date on Market: 2/11/2026

  • Last Updated:

  • Address: 401 E Pearl St, Granbury, TX 76048

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