801 Ranch Road 620 S Lakeway, TX 78734 Active

UPDATED: 01/16/2026 02:15 PM ON MARKET: 18 days on market

$1,500,000

3,904 SqFt

Key Details

Property Type Commercial

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 3,904 sqft

Price per Sqft $384

Subdivision Cardinal Hills

MLS Listing ID 6789037

Year Built 1970

Tax Year 2025

Lot Size 0.472 Acres

Acres 0.4724

Property Sub-Type See Remarks

Source actris

Property Description

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.