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$1,250,000

NAL Estimated Property Value

Lot 01 Hwy 290, Johnson City, TX, 78636

Off MarketInfo

About this property

Introducing the Manana25! This 25-acre tract is a rare opportunity to own gated acreage with Hwy 290 frontage in the most sought-after areas between Dripping Springs and Johnson City, Texas! This land can be an outstanding residential homesite or can offer commercial possibilities as well. Manana25 is just over 25 acres and features a scenic and beautiful landscape. Scattered Oaks, grassy meadows, and a wet weather creek offer a scenic setting. The gently rolling topography creates just enough privacy and views. The property is in the classic higher end neighborhood of Tierra Manana and is one of only two lots which allow for commercial usage (Per POA Approval). This corner tract has over 1,400ft of frontage along Hwy 290 and over 700ft of frontage along Esparanza Trail. The location is in a prime growth area being just west of Henley and on the Hwy 290-growth corridor between Dripping Springs and Johnson City. Tierra Manana is a well-designed acreage subdivision with higher end custom homes. The property is currently under wildlife tax valuation for low taxes. There are multiple homesites and mostly cleared of cedar. The location and visibility would make an excellent opportunity for commercial use such as a restaurant, brewery, or venue. But there is also plenty of room for privacy for a residence. This property can truly work for either use.

Investor Tools

Property Icon
$1,250,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,250,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$600/month
5.947%

City: Johnson City

Lot 01 Hwy 290 | Property Details | No Agent List