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$3,500,000

NAL Estimated Property Value

747 Brazos ST, Lockhart, TX, 78644

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CommercialInfo

About this property

This property has access to the busiest street in Lockhart, Hwy 183 only 1 1/2 blocks from HEB, and 4 1/2 blocks from the court house. It is expected it will be divided up in parts. The back street Brazos is becoming a commercial street. The building next to it is commercial. There are many commercial options for a property located in the middle of this wonderful Texas community. Seller is mainly waiting for commercial offers from businesses who see the opportunity to locate in this incredible location. The 2981 square foot classic home on 3/4 of an acre with a 1/4 acre next to it that would add to a parking lot could be a classic restaurant with a shaded outside area for eating and a scenic porch. It also has a large basement perfect for storage. The 1/4 acre could also be added to the filling station to make it a Bucky's style gas station. The .5 acre lot on the north side has frontage on Colorado street, the busiest street n Lockhart and has a 4883 sq foot warehouse and a small 1356 square foot house behind it which could be an office. It would be an excellent location for many kinds of businesses. Lockhart is 25 miles on a 80 mph freeway to Austin. It is town fixing to grow.

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$3,500,000
Estimated Property Value
$0Estimated Mortgage Balance
$3,500,000Estimated 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
$21,000 /month
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Cash Flow Estimate:
$7,000 /month

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Financing Details

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

City: Lockhart

747 Brazos ST | Property Details | No Agent List