$1,400,000
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20500 FM 1431 Lago Vista, TX 78645
4,996 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 4,996 sqft
Price per Sqft $240
Subdivision Bar-K Ranches Sec 05
MLS Listing ID 3342864
Sold Date 08/02/21
Originating Board actris
Year Built 2001
Annual Tax Amount $25,670
Tax Year 2018
Lot Size 0.801 Acres
Property Sub-Type Office
Property Description
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
Location
State TX
County Travis
Zoning C1
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate
Furnishings Unfurnished
Fireplace N
Exterior
Exterior Feature Lake
Pool None
Community Features None
Utilities Available Electricity Available, High Speed Internet, Other
Waterfront Description Lake Front
View Y/N Yes
View Hill Country, Lake, River
Roof Type Metal
Accessibility Accessible Approach with Ramp, Customized Wheelchair Accessible, Accessible Doors
Porch None
Total Parking Spaces 24
Private Pool No
Building
Lot Description Near Golf Course, Rolling Slope, Sloped Down
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete,Synthetic Stucco
Others
Pets Allowed No
Restrictions City Restrictions,Deed Restrictions,Easement,Zoning
Acceptable Financing Cash, Conventional, Lender Approval, VA Loan
Tax Rate 2.57486
Listing Terms Cash, Conventional, Lender Approval, VA Loan
Special Listing Condition Standard
Pets Allowed No
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Bought with Keller Williams Realty