$1,900,000

1405 Mormon Mill Road, Marble Falls, TX

0.85

Acres

This 10,500 SF five-unit center is well located in the hottest retail area of the growing Highland Lakes City of Marble Falls with a balanced mix of credit and local tenants. Anchor Tenant is the State of Texas Driver License office occupying approximately one third of the building. In the fourth year of a 10-year lease, this tenant offers long term stability with a 10-year option to renew. Quality tenant, Armstrong McCall Beauty Supply has been in place since 2007 and has four, 5-year extension options and executed the first in March of 2015. Hill Country Nutrition is an Herbal Life Dealer with its primary location in Lakeway, the lease is six months into the first 5 years with two 5-year extensions. The fourth tenant is a local Pilates Studio starting their fourth year in their space on annual lease renewals. There is one space finished out into office space currently occupied on a temporary lease by a local church. New metal roof was installed as of 2/28/21 Being only 48 miles from Austin, surrounding three lakes on the Colorado River, this area has attracted a lot of attention. Highly visible from US Highway 281 and Mormon Mill Road with Home Depot, Walgreens, Dollar General and the New Office Depot. This free span steel beam construction with masonry siding has unlimited possibilities. At the corner of Max Copeland Dr. and Mormon Mill Rd. just East of State Highway 281 in Marble Falls The available suite faces Max Copeland and is Highly Visible from HOME DEPOT and Office Depot Projected 2021 NOI - $107,534

Facts & Features

ListingFeed abor_vow
MLS® # 6569883
List Price $1,900,000
Sale Price $1,900,000
Sale Date April 8th, 2022
Bathrooms 0.00
Acres 0.85
Year Built 1996
Type Commercial Sale
Sub-Type Retail
Status Closed

Community Information

Address 1405 Mormon Mill Road
Subdivision Holly-Naumann
City Marble Falls
County Burnet
State TX
Zip Code 78654

Amenities

Utilities Cable Available, Cable Connected, Electricity Connected, Fiber Optic Available, High Speed Internet Available, Phone Connected, Sewer Connected, Water Connected
Parking On Site
View Hills
Is Waterfront No
Has Pool No

Interior

Interior See Remarks
Heating Central
Cooling Central Air
Fireplace No

Exterior

Construction Brick, HardiPlank Type
Foundation Slab

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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