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$1,900,000
105 Days Online

1405 Mormon Mill Road
Marble Falls, TX 78654

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
10,500
SqFt
$181
/SqFt
1996
Built
Subdivision:
Holly-Naumann
County:
Burnet

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1405 Mormon Mill Road1405 Mormon Mill Road1405 Mormon Mill Road1405 Mormon Mill Road
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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 Current NOI as Leased - $124, 851.84 Projected NOI at - $136, 851.84

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Listing Snapshot
Price
$1,900,000
Days Online
105 Days
Bedrooms
N/A
Inside Area (SqFt)
10,500 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.85 Acres
Year Built
1996
MLS Number
6569883
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
18 hours agoListing updated with changes from the MLS
3 months agoListing first seen online
General Features
Construction
Brick
Parking
On Site
Parking Spaces
30
Sewer
Public Sewer
Acreage
0.85
Water
Public
Security
See Remarks
Attached Garage
No
Utilities
Cable Available Cable Connected Electricity Connected Phone Connected Sewer Connected Water Connected
Foundation
Slab
Listing Conditions
Standard
Interior Features
Cooling
Central Air
Heating
Central
Fireplace
No
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Exterior Features
View
Hills
Spa
No
Waterfront Property
No
Other Structures
None
Community Features
MLS Area
BU
Security Features
See Remarks
Listing courtesy of Ranch Investments.

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.
Data last update - 2021-06-18 08:17 AM CDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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