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Home of Lampasas Beer Market 516 E 4th St 6,000 SF 100% Leased Retail Building Lampasas, TX 76550 $1,100,000 ($183.33/SF) 7.27% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Very beautiful building in a very charming Square.

EXECUTIVE SUMMARY

Lampasas, the Home of the Murals! Scattered throughout the Downtown Historic District and surrounding area, you will find 9 one of a kind murals depicting the rich heritage that makes up Lampasas County. Vision Lampasas is a group of volunteers dedicated to the enhanced aesthetic, social, cultural, and economic welfare of the Historic Downtown District and surrounding areas.
Welcome to the home of Lampasas Beer Market and Hester's Books!
This unique property sits right across the famous courthouse on the square. The lot is a little over 10K sq ft, while the building stretches 6000 sq ft. The building has 4000sq under the operation of Lampasas Beer Market and 2000 sq ft under the operation of Hester's Books. Both tenants are very successful, and very kind people to work with.
The building underwent major renovations in 2020 and 2022.
This is one of the three buildings on the square that have their own parking. The opportunity is there to add one or two floors above.
Feel free to ask any questions.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bar
Building Size
6,000 SF
Building Class
C
Year Built
1953
Price
$1,100,000
Price Per SF
$183.33
Cap Rate
7.27%
NOI
$80,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.25 AC
Zoning
Commercial Retail
Parking
12 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
59’ on Fourth Street

NEARBY MAJOR RETAILERS

Anytime Fitness
Starbucks
Cadence Bank
H-E-B
Frost Bank
Bush's Chicken

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2178
Land Assessment
$50,400
Improvements Assessment
$180,120
Total Assessment
$230,520
  • Listing ID: 32129386

  • Date on Market: 6/13/2024

  • Last Updated:

  • Address: 516 E 4th St, Lampasas, TX 76550

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