— bed, — bath on 2.60 acres in Canyon Lake. Canyon Lake, TX 78133. $999,000.
RARE MIXED-USE COMMERCIAL DEVELOPMENT OPPORTUNITY IN CANYON LAKE'S HIGH-GROWTH CORRIDOR
Presenting a unique 2.6-acre commercial investment property in Canyon Lake, Texas, combining an income-producing 49-unit self-storage facility with 1.17-acre development parcel. This strategic location on Island View Road, the exclusive access route to two lake peninsulas, creates an unparalleled captive market opportunity for C-Store | Gas Station development.
5433 Fm 2673 is a 2.6-acre mixed-use commercial holding in Canyon Lake that combines existing income with a second development tract, which is the clearest advantage in this offering. In Canyon Lake, TX 78133, that matters because buyers are not choosing between a stabilized commercial asset and a land play. They are buying both on one site in Comal County, with a use profile that is harder to replace than raw acreage alone.
At $1.07M, the property includes a 49-unit self-storage facility and an additional 1.17-acre parcel positioned for future commercial use. That split is what gives the site real weight. The storage component supports an income-producing base, while the extra land creates room for the next phase of value creation. For an investor, operator, or developer, that changes the underwriting. The conversation is not limited to current occupancy or future site work in isolation. It is about how existing cash flow and expansion capacity sit together on the same address.
The location case is equally specific. The property is identified as being on Island View Road, the access route to two Canyon Lake peninsulas. That creates a more defined demand pattern than a broad commercial corridor with scattered traffic and no clear capture. When a site serves a road network with limited alternatives, daily-needs uses become more credible. That is why the development angle here points toward convenience retail or a gas station rather than a vague future concept. Good mixed-use commercial sites are often judged by whether the road system gives them a practical job to do. On the facts provided, this one does.
Built in 1980 and on the market for 72 days, 5433 Fm 2673 should be evaluated as a commercial asset with layered utility, not as a cosmetic story. The core value is the combination of land, access, existing storage income, and a separate tract that can be positioned for another use as demand in Canyon Lake continues to mature. For buyers who understand that long-term commercial performance often comes from stacking present income with future entitlement and development leverage, this property is set up to compete on more than one timeline.
Verified property facts
5433 Fm 2673 is a Commercial Sale built in 1980 featuring 0 bedrooms, 2.60-acre lot.
The most recent annual property tax for 5433 Fm 2673 is $8,340. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 5433 Fm 2673. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 2, 2026, 5433 Fm 2673 is offered at $999,000. The current MLS snapshot shows 96 active listings in 78133. Keenan Group has completed 3 verified transactions in 78133 within its 1,000+ completed transactions and $1B+ career volume across Austin.
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Listing information last updated May 22, 2026.
Listed by Windham Rose Realty
MLS# 3449908 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
1 record on file
Every recorded listing, sale, and lease at 5433 Fm 2673, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($200K)
Adjustable assumption - not a lending recommendation.
$999,000
Luxury property intelligence
A sourced read on Canyon Lake pricing, timing, and property scale. No automated valuation claim.
List price
$999,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
272 days
Original to current
$76K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 2, 2026.
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5433 Fm 2673 was built in 1980 (46 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
| Address | Offered At |
|---|---|
| 172 Rachel Dr | $850K |
| 2159 Triple Peak Dr | $1.10M |
| 1460 O C Trout Dr | $1.00M |
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