Marble Falls, TX 78654,1405 Mormon Mill RD
$﹡﹡﹡﹡﹡(Non-Disclosure)
Est. payment /mo
Est.Price: ?

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10,500 SqFt
SOLD DATE : 04/08/2022

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 10,500 sqft

Price per Sqft $180

Subdivision Holly-Naumann

MLS Listing ID 6569883

Year Built 1996

Tax Year 2020

Lot Size 0.854 Acres

Property Description

This 10,500 SF five-unit center is well located in the hottest retail area of the growing Highland Lakes City of Marble Falls with a balanced mix of credit and local tenants.

Anchor Tenant is the State of Texas Driver License office occupying approximately one third of the building. In the fourth year of a 10-year lease, this tenant offers long term stability with a 10-year option to renew.

Quality tenant, Armstrong McCall Beauty Supply has been in place since 2007 and has four, 5-year extension options and executed the first in March of 2015.

Hill Country Nutrition is an Herbal Life Dealer with its primary location in Lakeway, the lease is six months into the first 5 years with two 5-year extensions.

The fourth tenant is a local Pilates Studio starting their fourth year in their space on annual lease renewals.

There is one space finished out into office space currently occupied on a temporary lease by a local church.

New metal roof was installed as of 2/28/21

Being only 48 miles from Austin, surrounding three lakes on the Colorado River, this area has attracted a lot of attention. Highly visible from US Highway 281 and Mormon Mill Road with Home Depot, Walgreens, Dollar General and the New Office Depot. This free span steel beam construction with masonry siding has unlimited possibilities.

At the corner of Max Copeland Dr. and Mormon Mill Rd. just East of State Highway 281 in Marble Falls The available suite faces Max Copeland and is Highly Visible from HOME DEPOT and Office Depot

Projected 2021 NOI�- $107,534

Location

State TX

County Burnet

Interior

Heating Central

Cooling Central Air

Flooring See Remarks

Exterior

Utilities Available Cable Connected, Electricity Connected, High Speed Internet, High Speed Internet, Phone Connected, Sewer Connected, Water Connected

View Hill Country

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick, HardiPlank Type

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Ranch Investments
Bought with eXp Realty, LLC

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Jaymes Willoughby

+1(512) 731-9250

Agent | License ID: 0348568

Agent License ID: 0348568

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