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$249,000

NAL Estimated Property Value

0 Algerita Hill RD, Burnet, TX, 78611

Off MarketInfo

About this property

4 acres of prime commercial opportunity in the rapidly growing area of Burnet! Featuring over 595 feet of high-visibility frontage along Highway 29, this property offers exceptional exposure and accessibility for your future business. Direct access from Highway 29 and Algerita Hill. Property Summary Location: Algerita Hill Rd, Burnet, TX 78611 Size: 4.01 Acres Frontage: ~595 feet along State Highway 29 (High Visibility) Zoning & Permitted Uses The property is currently zoned as Heavy Commercial (C-3). This was officially updated via City of Burnet Ordinance 2019-12 (rezoned from C-2). This is a premier "high-intensity" designation that allows for a wide range of lucrative commercial developments. Standard Permitted Uses: Retail hubs, grocery stores/supermarkets, restaurants (including those with alcohol sales), hotels/motels, gas stations/convenience stores, and car washes. Conditional Uses (CUP): Mini-storage warehouses and manufactured home sales/services are permitted with a Conditional Use Permit. Restrictions: Per recent 2024 updates, single-family dwellings are generally prohibited in this commercial district to preserve the land for business development. Utilities & Sewer The property is within the City of Burnet utility service area. At this point, unless arrangements can be made with the city, there is no water or sewer service to this property. Electric is available through PEC, and you would need to plan on a septic and well. 911 Address Current Designation: The property is currently addressed in the Burnet CAD as 0 Algerita Hill Rd or simply Algerita Hill Rd. Assignment: A specific numeric 911 address (e.g., "123 Algerita Hill Rd") is typically officially assigned by the Capital Area Council of Governments (CAPCOG) or the city once a building permit is applied for or a driveway is established.

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$249,000
Estimated Property Value
$0Estimated Mortgage Balance
$249,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Burnet

0 Algerita Hill RD | Property Details | No Agent List