5300 Lohmans Ford Road, Lago Vista, TX 78645

$1,850,000
List Price
$1,850,000
Status
ACTIVE
MLS#
7304193
Price Change
▼ $50,000 1656101385
Days on Market
501
Area
Northwest Travis Co.

Property Description

10.7 +/- acres with two homes and 356’ of Lohman Ford road frontage right across the street from Lago Vista High School. The main home is approx. 2200 sqft: 3 bed, 2 bath with office and built in storm shelter! The second home is approx. 800 sqft: 1 bed, 1 bath with office and laundry. Green house, 18’x30’ shed, 12’x20’ deck, RV and Boat Parking! Property is not in the City limits, so no restrictions or zoning. Low tax rate. Great commercial potential and prime road frontage for development. This property was purchased to create an assisted living/graduated nursing home.Many plans have already been developed for a program such as this. In Texas, small licensed assisted living homes may have up to 16 beds, so these plans reflect that. The guest house was going to be used as the office/family meeting room.....or as a home for the house manager. Lago Vista is a great place for business! Businesses opening soon: 2 restaurants, 1 gym, additional shopping center. Businesses need here: Multi family opportunities, Full time childcare, Places for families and children to gather: bowling, movie theater, gaming. A+ rated schools: Lago Vista Independent School Districts, Extremely Low Crime Rate, 150 residential permits in Q1 of 2021, 4 commercial permits in Q1 of 2021.

Additional Information

Tax Year
2021
Year Built
2002
Construction
Masonry, Stucco
Region
Northwest Travis Co.
View
Woods
Sewer
Septic Tank
Street Name
Lohmans Ford Road
Street Number
5300
Neighborhood
See Agent
Acres
10.75
County
Travis
Floor
Tile
Heating
Central, Propane

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Listing courtesy of Keller Williams Realty C. P..

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