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    1405 Mormon Mill Rd

    Marble Falls, TX 78654
    • $1,900,000
    • STATUS: Active
    • ID#: 6569883
    UPDATED: 57 min ago
    $1,900,000
    • 0
      BEDS
    • 0.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1996
    County:
    Area:

    School Ratings & Info

    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

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    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-16T10:24:52.713.
    www.r3marketinggroup.com/homes/114800764
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    1405 Mormon Mill Rd Marble Falls, TX 78654

    • Price: $1,900,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 6569883
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.85
    Acres
    1996
    Built
    Neighborhood:
    Holly-Naumann
    County:
    Burnet
    Area:
    Marble Falls
    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
    Exterior Features

    Attached Garage YN No Bays 0 Construction Materials BrickHardiplank Type Foundation Details Slab Garage YN No Other Structures None Parking Features On Site View Hill Country Waterfront YN No

    Interior Features

    Building Area Total 10500 Cooling Central Air Flooring See Remarks Heating Central

    Property Features

    Accessibility Features See Remarks Additional Parcels YN No Building Features Sign-Building Current Use Commercial Estimated Taxes 19736 Horse YN Yes Listing Terms CashConventional New Construction YN No Property Condition See Remarks Property Sub Type Retail Sewer Public Sewer Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedInternet-CableInternet-FiberPhone ConnectedSewer ConnectedWater Connected Water Source Public

    Property listed by Ranch Investments.


    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-16T10:24:52.713.
     
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    R3 Marketing Group
    1801 South Mopac Expressway
    Austin TX, 78746