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$799,999

NAL Estimated Property Value

7666 142 Highway, Maxwell, TX, 78656

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths1,488 Sq Ft
price_per_sqft$537.63 / sqft
Year BuiltBuilt in 1934

About this property

4.99 acres with approximately 538 ft of Hwy 142 frontage available between Maxwell and Lockhart on a corner lot. No zoning in this area; property has been set up as an event venue with four buildings, concrete walkways, concrete pad, and level field for parking. The most updated structure is a 3,200 sqft metal building with concrete flooring, a 5-ton HVAC unit, additional window units, and a garage door as a second access point. There's an additional metal building in fair condition used for storage. The 1930's house and guest house are in need of work, but could be renovated for additional event usage. The main house has a full bathroom, two bedrooms, kitchen and living area. The guest house has a half bath and bedroom. There are multiple areas to host outdoor weddings or parties with mature trees for shade. There is a water well not in use but grandfathered in, so has potential for future usage. Propane tank on the property that's currently not connected, and out of the flood zone. There's a cross fence with additional level land to the back of the property that is suitable for future building sites, or additional parking. In the past, this property has been used for weddings, reunions, parties, and cook-off's. Easy access onto Cistern Rd. Potential uses include: event venue, RV park, residential, multi-family, industrial, or retail. Must be accompanied by a licensed realtor to gain access onto the property. See agent to schedule your tour.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Maxwell

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7666 142 Highway | Property Details | No Agent List