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0 Beds
0 Baths
3,904 sqft

$1,500,000

801 Ranch Road 620 S, Lakeway TX, 78734

Price per sqft$384.22
Built in1970
Property size3,904 sqft
Property typeCommercial
Courtesy of Compass RE Texas, LLC, Kathy Denny Listing Contact: (512) 718-4420

Overview

Active

Listed Jan 15, 2026

Updated 3 weeks ago

Fronting Ranch Road 620— with 35,300 vehicles per day—this multi-tenant office property delivers immediate income with future flexibility. The 3,904 SF building sits on an improved ±20,577 SF (0.4724 acres) site and is fully leased to long-standing tenants. While most tenants have operated from the property for years, lease expirations are near-term, creating a natural inflection point for a new owner to reposition the asset and capture market rent growth. A new roof completed in 2024 addresses a major capital item and supports a value-add strategy focused on repositioning, leasing, and long-term asset optimization. The offering also includes an adjacent ±12,000 SF undeveloped parcel, with both parcels zoned C-1 (Office / Retail). This zoning provides flexibility for future expansion, alternative commercial uses, or longer-term redevelopment strategies, enhancing the property’s covered land value. An ideal acquisition for investors who understand that income provides stability, lease rollover creates upside, and zoning creates options.

Additional information

MLS® ID
6789037

Interior Features

Bedrooms
0
Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.47 Acres

Other Property Details

Taxes
$16,079
Tax Frequency
Annually
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Listings courtesy of Austin/Central Texas Realty Information Service as distributed by MLS GRID

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