2515 Commerce ST, Marble Falls, TX 78654 - MLS#9749991

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Jaymes Willoughby

[email protected] +1(512) 731-9250

$849,900

Est. payment - /mo

1.75 Acres Lot

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UPDATED:

08/20/2024 09:13 PM

Key Details

Property Type Vacant Land

Sub Type Lot

Listing Status Active

Purchase Type For Sale

Subdivision Hi-Ridge Trails

MLS Listing ID 9749991

Originating Board actris

Annual Tax Amount $12,716

Tax Year 2023

Lot Size 1.752 Acres

Acres 1.7525

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

Interior

Fireplace No

Exterior

Community Features None

Utilities Available Electricity Connected, Water Connected

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

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Listed by Keller Williams - Lake Travis

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Jaymes Willoughby

+1(512) 731-9250

Agent | License ID: 0348568

Agent License ID: 0348568