$1,850,000
For more information regarding the value of a property, please contact us for a free consultation.
5300 Lohmans Ford RD Lago Vista, TX 78645
3,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $483
Subdivision See Agent
MLS Listing ID 7304193
Sold Date 03/07/23
Year Built 2002
Tax Year 2021
Lot Size 10.747 Acres
Acres 10.747
Property Sub-Type Mixed Use
Source actris
Property Description
10.7 +/- acres with two homes and 356' of Lohman Ford road frontage right across the street from Lago Vista High School. The main home is approx. 2200 sqft: 3 bed, 2 bath with office and built in storm shelter! The second home is approx. 800 sqft: 1 bed, 1 bath with office and laundry. Green house, 18'x30' shed, 12'x20' deck, RV and Boat Parking! Property is not in the City limits, so no restrictions or zoning. Low tax rate. Great commercial potential and prime road frontage for development.
This property was purchased to create an assisted living/graduated nursing home.Many plans have already been developed for a program such as this. In Texas, small licensed assisted living homes may have up to 16 beds, so these plans reflect that. The guest house was going to be used as the office/family meeting room.....or as a home for the house manager.
Lago Vista is a great place for business! Businesses opening soon: 2 restaurants, 1 gym, additional shopping center. Businesses need here: Multi family opportunities, Full time childcare, Places for families and children to gather: bowling, movie theater, gaming.
A+ rated schools: Lago Vista Independent School Districts, Extremely Low Crime Rate, 150 residential permits in Q1 of 2021, 4 commercial permits in Q1 of 2021.
Location
State TX
County Travis
Area Ln
Interior
Heating Central, Propane
Cooling Ceiling Fan(s), Central Air
Flooring Tile
Fireplace N
Exterior
Utilities Available Electricity Connected, High Speed Internet, Natural Gas Not Available, Phone Available
View Trees/Woods
Accessibility None
Total Parking Spaces 10
Building
Foundation Slab
Sewer Septic Tank
Water Well
Structure Type Masonry – All Sides,Stucco
New Construction No
Others
Restrictions See Remarks
Acceptable Financing Cash, Conventional
Tax Rate 1.88
Listing Terms Cash, Conventional
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Non Member