2515 Commerce ST Active Save Request In-Person Tour Request Virtual Tour
Marble Falls,TX 78654
Key Details
Property Type Vacant Land
Sub Type Lot
Listing Status Active
Purchase Type For Sale
Subdivision Hi-Ridge Trails
MLS Listing ID 9749991
Annual Tax Amount $12,716
Tax Year 2023
Lot Size 1.752 Acres
Property Description
This is an excellent opportunity to own an income-producing commercial property with a strong lessee and long-term occupancy and payment history! This great property is being sold with a 'triple net' lease from current tenant, which has been in the building since 2002. The current lease renewal began in 11/22 and is for a period of five (5) years. The tenant has an option for two (2) more renewal periods of five years, with approximately 5% lease increases for these renewal periods. Approximately 1.75 acres total with Whitman Branch creek running through the undeveloped back half.
Location
State TX
County Burnet
Exterior
Community Features None
Utilities Available Electricity Connected,Water Connected
Waterfront No
Waterfront Description Creek
View Creek/Stream
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Marble Falls
Middle Schools Marble Falls
High Schools Marble Falls
School District Marble Falls Isd
Others
Special Listing Condition Standard