1703 LANCER LANE, AUSTIN, TX 78733

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Homes for sale in 78733.


1703 Lancer Lane

Austin, TX 78733

Active

List Price$458,334

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

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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