MLS# 1875285 – 12064 Park Road 37, Lakehills, TX 78063

Price: $149,900
Lot Size Acres: 0.35
Lot Size SqFt: 15,289
Status: Active
Property Type: Multi-use
Year Built: 1955
Days on Website: 371

Courtesy of Leverage Realty Consulting Group, Thomas Martinez (800) 401-0199

Property Description

Priced to sell at $139,900! Take advantage of this multi-unit property with opportunities for upside and value-add! Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 33% pro-forma cap rate solely from projected rental income. Day one provides you with flexible options to immediately lease a minimum of six spaces (two buildings, two full hookup RV spaces, two camping/storage spaces), with space to add several more units across its seven lots. The property’s buildings offer mixed-use potential ideal for retail, office, short-term rental, studio, storage, and/or QSR. The interior of one of the buildings includes a 1950s Spartan Mansion that is seamlessly integrated, creating a distinctive setting. Significant updates to the buildings and grounds have been implemented, including utilities, aesthetics, and site updates making this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are throughout the property. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Seller Finance Option Terms (firm): $60K down payment, 2-Year Seller Carry, 12% Interest. Schedule your tour today!

Open House

Property Details and Features

  • Listing
  • Listing date: 2025-06-12 05:00:00
  • 364 days on market
  • 364 cumulative days on market
  • $10 per square foot
  • Location
  • County: Bandera
  • Area: 3100
  • Building
  • Built in 1955
  • Approximate age: 71
  • Building/center name: FORMER RETAIL BUSINESS
  • Wood
  • Brick
  • Metal
  • Other
  • 15,500 square feet
  • 604 office square feet
  • 15,500 other square feet
  • 604 retail square feet
  • 1 story
  • 3 buildings
  • Foundation
  • Slab
  • Other
  • Roof
  • Metal
  • Amenities
  • Exterior Lighting
  • Security System
  • High Speed INternet
  • Fenced Storage Yard
  • Inside Storage
  • Outside Storage
  • Living Area
  • Public Restroom
  • Interior Features
  • Ceiling height: 7
  • Cooling
  • Window
  • Wall
  • Other
  • Heating
  • 3 Units
  • Lot
  • Lot size: 0.351
  • Property
  • Zoning: UNRESTRICTED: RESIDENTIAL
  • Schools
  • School district: Bandera Isd
  • Miscellaneous
  • Gross income: 50400.00
  • Net operating income: $45,843
  • Net leasable area: 15500
  • Monthly lease: $0
  • Insurance: 1500.00
  • None
  • Estimated
  • Grade Level
  • No
  • Other
  • Maintenance: 1000.00
  • 8 rentals
  • 10 parking spaces
  • 6 units
  • Other tax: 27.28
  • Taxes
  • Total tax: $1,057
  • Annual tax: $1,057
  • City tax: $0
  • County tax: $441
  • $589 school tax
  • Property Tax ID: 10300080640110
  • Utilities
  • Gas utility supplier: Private
  • Electric utility supplier: BEC
  • Garbage utility supplier: Private
  • Water utility supplier: Private Well
  • Sewer utility supplier: Septic
  • Other utility supplier: GVTC
  • Waste removal: 1000.00
  • Electricity
  • Water
  • Telephone
  • Septic
  • Cable TV
  • Other

Property Map

$149,900 – 12064 Park Road 37, Lakehills, TX 78063

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