- 3.2 Acres with 200 ft. frontage on RM 620 X ~750 ft. in depth to Pyramid Drive
- Zoned C-2 Retail/Commerical within the City of Lakeway
- Sewer available Fall 2010; includes up to 12 L.U.E. Construction has begun
- Allowable impervious cover is 60%
- Old stock pond on the adjacent property extends into this property and may be used as joint retention pond for both properties
- SALE PRICE: $9.00/sf or $1,250,000.00
Ground Lease Terms
- NNN Lease for a minimum of 25 years
- Value of land initially $9.00/sf with a yearly increase of 4.5%
- Capitalization Rate of 8.75%
- Approval of Financial Statement and Proposed Use will be required
You may phone our
office for any additional information..