$1,850,000
For Sale

5300 Lohmans Ford Road

Lago Vista, TX 78645
3000 sqft | 3 beds | 2.5 baths | #5341689
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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.
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  • Interior Details
    • Beds & Baths
      • Bedrooms:3
      • Bathrooms:2.5
      • Full Baths:2
      • Half Baths:1
    • Interior Features
      • Interior:Builtin Features, Ceiling Fans, Separate Formal Dining Room, Eatin Kitchen, High Ceilings, Multiple Dining Areas, Main Level Mas
  • Property Details
    • Property
      • View:Trees Woods
      • Lot description:Near Golf Course, Level, Private, Trees Medium Size
      • Exterior materials:Garden
    • Measurements
      • Acres:10.747
      • Square Feet:3000
    • Parking
      • Garage spaces:2
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:2002
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Septic Tank
      • Utility source:Well
      • Utility features:Cable Available, Electricity Connected, Natural Gas Not Available, High Speed Internet Available, Phone Available, Water Connect
  • Community and Neighborhood Details
    • Location
      • School district:Lago Vista ISD
      • Elementary School:Lago Vista
      • Middle School:Lago Vista
      • High School:Lago Vista
      • County:Travis
    • Community
      • Subdivision:Mf Campbell Surv #98
  • Financial Details
    • Pricing Details
      • Original list_price:$1, 900, 000
      • Selling office_commission:3.000
      • Annual taxes:$12, 235
  • Other
    • Source
      • MLS #:5341689

Location

Gregg's TeamReal Estate Group
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