$1,400,000
20500 Fm 1431, Lago Vista, TX
0.80
Acres
HIGHWAY FRONTAGE! Beautiful custom 2 story office building w/ 2500 sf up & 2500 sf down. Down divided into 3 separate offices. 2 end units larger than middle unit of 343 sf. State Farm & Independence Title occupy the end units downstairs. Highland Lakes RE occupies the upstairs (avail. to new owner). All steel construction w/ stucco & Austin stone. Extremely well maintained. Original owner. Financials avail to qualified prospects only. The current lease rate is under the market of $18+ allowing the owner to retain industry-related tenants. Now $16.80 PSF + NNN. Room for an increase at lease renewal. Good 1031 target. *Pro Forma financial. Highland Lakes will honor it's lease.Restrictions: Yes
Facts & Features
| ListingFeed | abor_vow |
|---|---|
| MLS® # | 3342864 |
| List Price | $1,400,000 |
| Sale Price | $1,200,000 |
| Sale Date | August 2nd, 2021 |
| Bathrooms | 0.00 |
| Acres | 0.80 |
| Year Built | 2001 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Closed |
Community Information
| Address | 20500 Fm 1431 |
|---|---|
| Subdivision | Bar-K Ranches Sec 05 |
| City | Lago Vista |
| County | Travis |
| State | TX |
| Zip Code | 78645 |
Amenities
| Utilities | Cable Available, Electricity Available, High Speed Internet Available, Other |
|---|---|
| Features | None |
| Parking | None |
| View | Hills, Lake, River |
| Is Waterfront | Yes |
| Waterfront | Lake Front, Lake |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Lot Description | Sloped Down, Near Golf Course, Rolling Slope |
|---|---|
| Roof | Metal |
| Construction | Concrete, Synthetic Stucco |
| Foundation | Slab |
Additional Information
| Zoning | C1 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |