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1305 S Key Ave
Lampasas, TX 76550
Office Property For Sale
Investment Highlights
- Heavy Daytime Traffic High Visibility Location
- Excellent Operational Stability
- Stabilized Leasing /Legacy Tenants
Executive Summary
Bring your vision to Lampasas with this 20,000 square-foot two-story office building. Use it or remove it! This location reaps the benefits of a THREE HIGHWAY corridor where ALL THREE MAJOR Highways, Highway 281, Highway 183 and Highway 190 flow through ever-growing Lampasas Texas. Current daily TXDOT car count of 15,720 and 200 feet of highway frontage, this corner lot is just a stone's throw and in view of a major intersection of Highway 190 and the connection route to Highway 281. The established building serves as home to several tenants and has room for even more. As a general income investment or the future location of another venture, the attached oversized parking lot allows for ample parking or additional building space. The current seller owns additional land across the side street that can be purchased, adding to your vision, offering even more possibilities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
20,000 SF
Building Class
C
Year Built
1990
Price
$2,251,200 CAD
Price Per SF
$112.56 CAD
Cap Rate
7.40%
NOI
$166,589 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Slab To Slab
12’
Building FAR
0.52
Lot Size
0.88 AC
Zoning
Multi Zoning - Commercial,
Parking
28 Spaces (1.4 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
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