TX > Buchanan Dam
Buchanan Dam, TX 78609,930 Highway 261
Buchanan Dam, TX 78609,930 Highway 261
Buchanan Dam, TX 78609,930 Highway 261
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$1,495,000
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11,155 SqFt
Active

930 Highway 261 Buchanan Dam, TX 78609

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Shelly Kelly

Shelly Kelly

+1(512) 567-5955

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,155 sqft

Price per Sqft $134

MLS Listing ID HLM174585

Year Built 1960

Lot Size 2.330 Acres

Acres 2.33

Lot Dimensions irreg

Property Sub-Type Commercial

Source highland

Property Description

Exceptional opportunity in a rapidly growing Central Texas market. This 11,000+ sq ft multifamily property sits on 2.33 acres with elevated views of Lake Buchanan's main body—making it a rare lake-adjacent investment with long-term upside. Currently configured as 12 apartment units with 92% occupancy, this asset offers immediate cash flow with room to increase rents and NOI through full stabilization. Recent capital improvements include newer metal roofs, stucco exterior, and interior renovations, minimizing deferred maintenance and supporting operational efficiency. Additional onsite amenities: covered common area, tenant laundry, and storage. Conveniently located near Highways 1431 and 29 - 20 mins to Burnet, Llano, and Marble Falls, and just 90 minutes to Austin or San Antonio. Free public lake access and boat ramp just 2 miles away enhance tenant appeal. P&L available for qualified buyers. Showings by appointment only.

Location

State TX

County Llano

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Hard Tile, Laminate Floating, Saltillo

Exterior

Roof Type Metal

Building

Foundation Slab

Sewer Septic Tank

Water Well

Structure Type Other,Synthetic Stucco

Listed by Jesse James Real Estate

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Shelly Kelly

Shelly Kelly

Agent | License ID: 543491

+1(512) 567-5955

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