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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $180
Subdivision Holly-Naumann
MLS Listing ID 6569883
Sold Date 04/08/22
Originating Board actris
Year Built 1996
Tax Year 2020
Lot Size 0.854 Acres
Property Description
This 10,500 SF five-unit center is well located in the hottest retail area of the growing Highland Lakes City of Marble Falls with a balanced mix of credit and local tenants.
Anchor Tenant is the State of Texas Driver License office occupying approximately one third of the building. In the fourth year of a 10-year lease, this tenant offers long term stability with a 10-year option to renew.
Quality tenant, Armstrong McCall Beauty Supply has been in place since 2007 and has four, 5-year extension options and executed the first in March of 2015.
Hill Country Nutrition is an Herbal Life Dealer with its primary location in Lakeway, the lease is six months into the first 5 years with two 5-year extensions.
The fourth tenant is a local Pilates Studio starting their fourth year in their space on annual lease renewals.
There is one space finished out into office space currently occupied on a temporary lease by a local church.
New metal roof was installed as of 2/28/21
Being only 48 miles from Austin, surrounding three lakes on the Colorado River, this area has attracted a lot of attention. Highly visible from US Highway 281 and Mormon Mill Road with Home Depot, Walgreens, Dollar General and the New Office Depot. This free span steel beam construction with masonry siding has unlimited possibilities.
At the corner of Max Copeland Dr. and Mormon Mill Rd. just East of State Highway 281 in Marble Falls The available suite faces Max Copeland and is Highly Visible from HOME DEPOT and Office Depot
Projected 2021 NOI - $107,534
Location
State TX
County Burnet
Interior
Heating Central
Cooling Central Air
Flooring See Remarks
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected, High Speed Internet, High Speed Internet, Phone Connected, Sewer Connected, Water Connected
Waterfront No
View Hill Country
Accessibility See Remarks
Parking Type On Site
Total Parking Spaces 30
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick, HardiPlank Type
New Construction No
Others
Restrictions City Restrictions
Acceptable Financing Cash, Conventional
Tax Rate 2.2021
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with eXp Realty, LLC
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Karla And Victor Aguilar
Agent/Team Lead | License ID: 0664760
Agent/Team Lead License ID: 0664760