5433 FM 2673, Canyon Lake, TX 78133

Income-Producing Self-Storage Facility

• 49 climate and non-climate controlled storage units generating $21,292 annual NOI

• 7,200 net rentable square feet across four unit sizes (8x10, 10x10, 10x14, 10x20)

• Current occupancy with mom-and-pop operations presenting immediate value-add potential

• Below-market rents offer 30%+ upside through rent optimization

• Situated on 1.43-acre parcel (62,291 sq ft) with significant expansion capacity

Vacant Commercial Development Land

• 1.17 acres (50,965 sq ft) of prime commercial land ready for development

• Ideal for convenience store, gas station, retail, or mixed-use project

• Water line access along Island View Road

• Utilities available for immediate development

• Seller envisions modern convenience store/fuel station to serve captive market

STRATEGIC LOCATION ADVANTAGES:

This property holds a monopolistic position as the only commercial site serving residents and tourists accessing two Canyon Lake peninsulas via Island View Road. All traffic to these high-value waterfront communities must pass this location, creating guaranteed visibility and a captive customer base with zero direct competition.

Market Demographics:

• Canyon Lake population: 32,924 (2.78% annual growth)

• Median household income: $93,114

• Comal County: One of the fastest-growing counties in the United States

• 27.4% job growth (2017-2022) vs. 3.8% national average

• Located between Austin and San Antonio metro areas

• Year-round tourism destination known as "Water Recreation Capital of Texas"

INVESTMENT OPPORTUNITIES:

Value-Add Storage Play: Implement professional management, dynamic pricing, and market-rate rent adjustments to immediately increase NOI. Expand storage offerings with climate-controlled units or boat/RV storage to capitalize on affluent lake community demand.

Retail Development: Develop a modern convenience store with fuel station on the vacant 1.17-acre parcel. Capture underserved market of peninsula residents and recreational visitors with no competing retail within the access corridor.

Mixed-Use Redevelopment: Create an integrated commercial campus combining optimized storage operations with high-traffic retail, maximizing land utilization across both parcels and creating multiple revenue streams.

1031 Exchange Opportunity: Perfect for 1031 exchange investors seeking stable, in-place income with clear value creation pathways and strong growth market fundamentals.

PROPERTY SPECIFICATIONS:

• Total Land: 2.6 acres (113,256 sq ft)

• Parcel 1: 1.43 acres with 49-unit storage facility

• Parcel 2: 1.17 acres vacant commercial land

• Storage NRSF: 7,200 sq ft

• Current NOI: $21,292 annually

• Zoning: Commercial (to be verified)

• Utilities: Water line access, electric available

• Access: Island View Road (TxDOT will allow one way in from FM 2673)

AREA AMENITIES:

Canyon Lake offers 8,240 surface acres with 80 miles of shoreline, attracting year-round recreational visitors and second-home owners. The property benefits from proximity to major Texas metros while serving a high-income, high-mobility demographic with strong storage and convenience retail demand.

This is a rare opportunity to acquire a cash-flowing commercial asset with significant development upside in one of Texas's premier growth markets. The combination of in-place income, expansion land, and captive market positioning creates multiple pathways to value creation for developers, storage investors, and 1031 exchange buyers.