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$850,000

NAL Estimated Property Value

11 Acres FM 2673, Canyon Lake, TX, 78133

Off MarketInfo

About this property

Introducing a prime piece of real estate in the heart of Canyon Lake, this 11.4- acre mixed-use development land presents an opportunity for both commercial and residential ventures. Featuring a desirable location in a high-traffic area, this property has significant visibility, with an impressive 10,000 cars passing by daily, confirmed by TXDOT. With an extensive 923 feet of frontage along Oblate Dr. and FM2673, this property provides a canvas for a variety of development possibilities. Accessibility is further enhanced by TXDOT-approved access from FM2673, ensuring connectivity for prospective businesses or residents. The proximity to popular amenities is a notable advantage, situated a mere 2 miles from the highly frequented Boat Ramp 6 and close to dining and stores. The property features a high fence on the back side, providing a buffer from the surrounding areas and a ranching fence on the front side. Critical infrastructure elements are already in place, with existing electrical and water connections available on-site. The water supply is managed by Texas Water Company, ensuring a reliable water source for any development projects. Whether you envision a bustling commercial center, a thriving residential community, or a combination of both, this mixed-use development land in Canyon Lake is your chance to capitalize on the potential possibilities.

Investor Tools

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$850,000
Estimated Property Value
$0Estimated Mortgage Balance
$850,000Estimated 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
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

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Financing Details

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

City: Canyon Lake

11 Acres FM 2673 | Property Details | No Agent List