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1305 S Key Ave 20,000 SF 100% Leased Office Building Lampasas, TX 76550 $2,182,784 CAD ($109.14 CAD/SF) 7.40% Cap Rate

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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.

Goodwin Investment Summary

1305 S Key Ave SD's

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

20,000 SF

Building Class

Year Built

1990

Price

$2,182,784 CAD

Price Per SF

$109.14 CAD

Cap Rate

7.40%

NOI

$161,526 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)

Wheelchair Accessible

Storage Space

Air Conditioning

Smoke Detector

Public Administration
-
$9.99
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