1703 LANCER LANE, AUSTIN, TX 78733
Homes for sale in Austin.
Homes for sale in 78733.
1703 Lancer Lane
Austin, TX 78733
List Price$458,334
Listing #3407789
Commercial
Type
About This Property
Rare cash-flowing land hold in the heart of Westlake -- one of Texas's most prestigious zip codes. Total list price for all three lots: $1,375,000 -- reflects income premium and zoning flexibility. Three lots, all must be sold together: 1702Saracen Rd, 1703 Lancer Ln, and 1605 Lancer Ln, Austin TX 78733. Three contiguous lots totaling just under 1 acre, currently operating as a thriving RV park surrounded by million-dollar new construction homes. Your tenants cover your costs from day one while you decide what comes next. The numbers work. Property generates approximately$75,000 gross annually -- 13 RV pads plus a rented garage with lift. Low turnover, stable tenants, self-managing site. This is not a vacant lot waiting for a buyer to figure it out. It is a running business with income in place. The zoning is the story. Non-residential zoning confirmed by Travis County Transportation & Natural Resources (TNR) -- nearly any commercial or mixed use permitted with appropriate permitting. Can also be re-permitted to residential if desired. No deed restrictions found of record. Maximum flexibility, minimum restrictions. The options are wide open. Own and operate the RV park. Run your business on one lot while the other two generate income. Live on your own cash-flowing asset. Get permits in place and develop all at once or one at a time -- the remaining lots carry your costs throughout. Bare lots in this area are trading at $325K--$350K. This is not a bare lot. Each lot has its own independent septic system. Infrastructure is in place. Eanes ISD -- top-rated school district in Texas. 1.1 miles to Lake Austin. Drive-bys welcome. Please do not disturb tenants. All three lots are sold together only -- no individual lot sales.
Property Features
Location Information
County
Travis
Subdivision
Austin Lake Hills Sec 01
County
Travis
Directions
From Bee Caves turn onto Cuernavaca Dr. to Saracen Road turn left to 1702 Saracen Road, 1605 Lancer Lane, and1703 Lancer Lane. All three lots are connected. Remarks
Area
8W
Interior Features
Heating
None
Disabled Features
None
Floors
See Remarks
Accessibility
None
Exterior Features
Is New Construction
No
Zoning
Confirmed by Travis Count
Foundation
None
Buildings
0
Possession
Close Of Escrow, Subject To Tenant Rights
Road Description
Asphalt
Water / Sewer
Septic Tank
Has Waterfront
No
Water
Public
Has View
No
Parking Description
Gravel, See Remarks
View
None
Lot Size in Acres
0.287
Additional Information
Other Utilities
Electricity Connected, Sewer Connected, Water Connected
APN
01333617030000
Property Type
COM
Status
Active
Property SubType
Mobile Home
Documents Available
Financials, Survey, Rent Rolls
Year Built
2015
Similar Listings
Mortgage Calculator
$2,138
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,651
Monthly Tax
$381
Monthly Insurance
$106
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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