Turn Key Property Group
1 / 18

801 Ranch Road 620

Active

Lakeway, TX 78734

Compass RE Texas, LLC · MLS# 6789037 · Active

$1,500,000

Beds

0

Baths

0

Sq Ft

Acres

0.4724

Built

1970

Type

See Remarks

About This Home

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.

Interior

Cooling
Ceiling Fan(s), Electric, Multi Units, Varies by Unit
Heating
See Remarks

Exterior & Lot

Parking
See Remarks, Additional Parking
Condition
See Remarks

Location

801 Ranch Road 620 · Lakeway, TX 78734

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$1,500,000

801 Ranch Road 620

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