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Retail on RR 620 427 Ranch Road 620 S 3,012 SF 100% Leased Retail Building Lakeway, TX 78734 $1,425,000 ($473.11/SF) 6.75% Cap Rate
Investment Highlights
- 3 retail suites
- Well maintained building - Built in 2005
- Opportunity for an investor or owner-occupant
- Excellent visibility & signage on 620
- Strong service based tenants
Executive Summary
Gold Tier Real Estate is proud to present 427 Ranch Rd 620, Lakeway, Texas.
This well located retail asset offers a strong opportunity for both an investor seeking upside and an owner user looking for frontage on one of the most trafficked corridors in the area.
The building consists of three suites totaling 3,000 square feet, with each suite measuring 1,000 square feet. This suite size is highly desirable in the Lakeway retail market and provides flexibility for leasing, owner occupancy, or a combination of both.
The property benefits from excellent visibility, strong traffic counts along Ranch Road 620, and prominent signage exposure.
The current owner occupies one of the suites and is open to discussing a short term leaseback, if needed.
Please contact the listing agent for additional information, rent roll, and financial details.
*Broker makes no representations or warranties regarding the accuracy of the information provided.*
This well located retail asset offers a strong opportunity for both an investor seeking upside and an owner user looking for frontage on one of the most trafficked corridors in the area.
The building consists of three suites totaling 3,000 square feet, with each suite measuring 1,000 square feet. This suite size is highly desirable in the Lakeway retail market and provides flexibility for leasing, owner occupancy, or a combination of both.
The property benefits from excellent visibility, strong traffic counts along Ranch Road 620, and prominent signage exposure.
The current owner occupies one of the suites and is open to discussing a short term leaseback, if needed.
Please contact the listing agent for additional information, rent roll, and financial details.
*Broker makes no representations or warranties regarding the accuracy of the information provided.*
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,012 SF
Building Class
B
Year Built
2005
Price
$1,425,000
Price Per SF
$473.11
Cap Rate
6.75%
NOI
$96,188
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.59 AC
Zoning
Commercial
Parking
17 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
151’ on Ranch Road 620 South
Amenities
- 24 Hour Access
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Allie's Custom Tailor
- -
- 1,000 SF
- -
- -
- Cantera Doors (Property Owner)
- -
- -
- -
- -
- Lakeway Massage
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Allie's Custom Tailor | - | 1,000 SF | - | - | ||
| Cantera Doors (Property Owner) | - | - | - | - | ||
| Lakeway Massage | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 438741 | Improvements Assessment | $876,301 |
| Land Assessment | $414,400 | Total Assessment | $1,290,701 |
Property Taxes
Parcel Number
438741
Land Assessment
$414,400
Improvements Assessment
$876,301
Total Assessment
$1,290,701
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Retail on RR 620 | 427 Ranch Road 620 S
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