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$ 1,500,000
Est. payment /mo
New
801 Ranch Road 620 S Lakeway, TX 78734
3,904 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 3,904 sqft
Price per Sqft $384
Subdivision Cardinal Hills
MLS Listing ID 6789037
Year Built 1970
Tax Year 2025
Lot Size 0.472 Acres
Acres 0.4724
Property Sub-Type See Remarks
Source actris
Property Description
Fronting Ranch Road 620— with 35,300 vehicles per day—this multi-tenant office property delivers immediate income with future flexibility. The 3,904 SF building sits on an improved ±20,577 SF (0.4724 acres) site and is fully leased to long-standing tenants. While most tenants have operated from the property for years, lease expirations are near-term, creating a natural inflection point for a new owner to reposition the asset and capture market rent growth. A new roof completed in 2024 addresses a major capital item and supports a value-add strategy focused on repositioning, leasing, and long-term asset optimization.
The offering also includes an adjacent ±12,000 SF undeveloped parcel, with both parcels zoned C-1 (Office / Retail). This zoning provides flexibility for future expansion, alternative commercial uses, or longer-term redevelopment strategies, enhancing the property's covered land value. An ideal acquisition for investors who understand that income provides stability, lease rollover creates upside, and zoning creates options.
The offering also includes an adjacent ±12,000 SF undeveloped parcel, with both parcels zoned C-1 (Office / Retail). This zoning provides flexibility for future expansion, alternative commercial uses, or longer-term redevelopment strategies, enhancing the property's covered land value. An ideal acquisition for investors who understand that income provides stability, lease rollover creates upside, and zoning creates options.
Location
State TX
County Travis
Zoning C-1 (Office/Retail)
Interior
Heating See Remarks
Cooling Ceiling Fan(s), Electric, Multi Units, Varies by Unit
Fireplace No
Exterior
Utilities Available Electricity Connected
Total Parking Spaces 20
Building
Story 2
Foundation Slab
Sewer Aerobic Septic
Water Public
Structure Type Vinyl Siding,Wood Siding
New Construction No
Others
Special Listing Condition Standard
Listed by Compass RE Texas, LLC
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