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15603 E State Highway 29 - TEXAS HILL COUNTRY PROPERTY AT THE LAKE

10,750 SF Specialty Building Offered at $879,000 in Buchanan Dam, TX 78609

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Investment Highlights

The 4 apartments upstairs are now leased and total 3200 per month SO buying makes sense.

Executive Summary

Seller financing available! Huge and wonderful Texas Classic building. +/- 7150 sq ft downstairs and +/- 3600 sq ft of 4 new separate office condos upstairs for a total of 10750 sq ft. Also 6 new RV spots in back fort a potential total income of 11 k per month fully leased. You can use all or part of building for your business and lease the rest. Downstairs is a classic HONKY TONK that you can incorporate in your decor with classic wooden bar and dance floor and lights. Get creative with usage as NO ZONING. Do what you want.
ALL 4 APARTMENTS UPSTAIRS ARE NOW RENTED, SO 3200 $ of your purchase note is being covered.

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$3,200	$0.30
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$3,200	$0.30
Net Operating Income	-	-

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$3,200
Annual Per SF	$0.30

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$3,200
Annual Per SF	$0.30

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$879,000	Lot Size	1.81 AC
Price Per SF	$82	Building Size	10,750 SF
Sale Type	Investment or Owner User	No. Stories	2
Sale Conditions	Lease Option	Year Built/Renovated	1992/2022
Property Type	Specialty Office Office Residential Office Industrial Live Work Unit	Parking Ratio	9.3/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$879,000
Price Per SF	$82
Sale Type	Investment or Owner User
Sale Conditions	Lease Option
Property Type	Specialty Office Office Residential Office Industrial Live Work Unit
Building Class	C
Lot Size	1.81 AC
Building Size	10,750 SF
No. Stories	2
Year Built/Renovated	1992/2022
Parking Ratio	9.3/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.