Property Details

• Price: $475,000
• Status: Active
• Property Type: Commercial
• Square Feet: 3,700

Description

Possible Development Opportunity -- 1 Acre with 3,700 SF Clubhouse Offered for sale is a 1-acre parcel with an existing 3,700 sq ft clubhouse/building, to be subdivided from a 111-acre golf course. The property allows for multiple uses without re-zoning, including but not limited to: Restaurant Bar / Lounge Retail Storage Equipment maintenance--related uses Other compatible commercial uses Investment Highlights: Optional buy-back opportunity at $600,000 in 2 years Lease-back available at $4,000/month Net Operating Income (NOI): $42,000 Seller pays expenses 10.1% Cap Rate Strong income potential with flexible exit options makes this an attractive opportunity for investors or owner-users. Please see attachments for additional details and call for more information.

Features

• County: Travis
• County: Travis
• Area: LN
• Subdivision: Highland Lake Estates Sec 05
• Directions: Head southeast on Old Hwy 183 toward Brushy Creek Rd Take Ranch Rd 1431 W and Lohman Ford Rd to Boggy Ford Rd in Lago Vista Follow Boggy Ford Rd and Highland Lake Dr to Earhart Ln in Lago Vista 20406 Earhart Ln Lago Vista, TX 78645
• Heating: See Remarks
• Floors: Concrete
• Disabled Features: Accessible Closets, Common Area, Accessible Doors
• Accessibility: Accessible Closets, Common Area, Accessible Doors
• Style: Metal Siding
• Is New Construction: No
• Construction/Exterior: Metal Siding
• Possession: Close Of Escrow
• Water / Sewer: Septic Tank
• Water: See Remarks
• Parking Description: See Remarks
• Lot Size in Acres: 1
• Buildings: 1
• Has Waterfront: No
• Other Utilities: None
• Property Type: COM
• Property SubType: Mixed Use
• Year Built: 1981
• APN: 20406 Earhart Lane B
• Status: Active
• Documents Available: None

Location

Address: 20406 Earhart Lane B Drive Lago Vista, TX 78645

City: Lago Vista, TX 78645