18601 F M Road 1431 HWY, Lago Vista, TX 78645
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18601 F M Road 1431 HWY, Lago Vista, TX 78645
18601 F M Road 1431 HWY, Lago Vista, TX 78645
18601 F M Road 1431 HWY, Lago Vista, TX 78645
18601 F M Road 1431 HWY, Lago Vista, TX 78645
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Amber Almond

Amber Almond

+1(512) 653-8800
$ 2,050,000
Est. payment /mo
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18601 F M Road 1431 HWY Lago Vista, TX 78645

0.92 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Jonestown Hills Unit 04 Amd

MLS Listing ID 3191736

HOA Y/N No

Year Built 2006

Annual Tax Amount $21,387

Tax Year 2021

Lot Size 0.923 Acres

Acres 0.923

Property Sub-Type Retail

Property Description

100% leased. Estimated Cap Rate 2023 3.71%, 2023 5.05%. The Jonestown Center, is a 5-unit retail strip center with 300 feet on heavily trafficked FM 1431. The property was built in 2006, is architecturally pleasing, with elegant faux stone exterior and corners, covered veranda sidewalk patio, and environmental sensitive turf stone pavers. With increase construction costs, low inventories, increased economic development, the Austin market continues to see intense competition for good quality assets from all types of investors. It is hard to find a multi-unit centers in this price range. The Jonestown Center is in rapidly growing Jonestown, minutes to Lago Vista and Cedar Park. The Jonestown Center is located near Northwest Austin's high tech employment center, within the acclaimed Leander School District, close to shopping and recreation. Great investment.

Location

State TX

County Travis

Area Ln

Interior

Heating Central

Flooring Concrete, Laminate

Heat Source Central

Exterior

Parking Features Common, Lighted, On Site

Utilities Available Cable Available, Electricity Available, High Speed Internet Available

View Y/N Yes

View Hills

Street Surface Paved

Accessibility Customized Wheelchair Accessible, Accessible Approach with Ramp

Building

Foundation Slab

Sewer Shared Septic, Septic Tank

Water Private

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Austin Here I Come
NEARBY SCHOOLS & PROPERTIES
Amber Almond
Amber Almond

Agent License ID: 782682

+1(512) 653-8800 | amber@amberalmondrealestate.com

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18601 F M Road 1431 HWY