Property Management

Hermitage Center

Pflugerville Office Park

The Palisades

Multi-Family

Commercial Development

Shertz Commerce Park

Lakeway Retail Center

Residential Development

Frontera Ranch Estates

Contract Work
- 302 Las Lomas
- Frontera #4

 

Hwy 620 Land - For Sale or Ground Lease within City of Lakeway

• 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..