 |
 |
 |
Property Management
Commercial Development
Residential Development
Contract Work
- 302 Las Lomas
- Frontera #4
Hwy 620 Land - For Sale or Ground Lease
- Approximately 3.2 Acres with 200 ft. frontage on RM 620
- Zoned C-2 Retail/Commerical within the City of Lakeway
- Sewer available Fall 2010; includes up to 12 L.U.E. Construction begins March 2010
- City of Lakeway allows up to 60% impervious cover
- Old stock pond on the adjacent property extends into this property and may be used as joint retention pond for both properties
- SALE PRICE: $8.75/sf or $1,219,600.00 firm, cash
Ground Lease Terms
- NNN Lease for a minimum of 25 years
- Value of land initially $8.75/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. This information is available for download here.