1703 Lancer Ln - Saracen / Lancer RV Park 42,814 SF Specialty Building Offered at $1,883,351 CAD at a 5.09% Cap Rate in Austin, TX 78733

This West Austin portfolio offers three contiguous lots totaling nearly one acre, presented as a single purchase opportunity ideal for investors seeking steady income and long-term flexibility. Currently operating as an RV park, the property features 13 designated RV rental spaces and a rentable garage with a lift, collectively generating an annual NOI exceeding $70,000 according to the offering memorandum.
Situated within the highly desirable Eanes ISD, one of Texas' premier school districts, the property is surrounded by luxury residential development and located just 1.1 miles from Lake Austin’s water access. The site benefits from non-residential zoning approved by Travis County, making it suitable for nearly any commercial or mixed-use project. It can also convert to residential if desired, offering maximum optionality for future redevelopment.
There are no deed restrictions on record, allowing an investor to run the current business as-is or redevelop in phases, enabling cost coverage while repositioning. With robust zoning flexibility, strong income performance, and its placement near Westlake High School and high-value neighborhoods, this property is well-positioned for long-term appreciation and diverse income strategies.