Active Listing  ·  9 days on market

107 W Center St

Kyle, TX 78640
$1,150,000
Built 1911 0.06 acres S4635 - ORIGINAL TOWN OF KYLE

A rare opportunity to own a piece of historic Downtown Kyle. Located at 107 W Center Street, this distinctive stone commercial building combines historic character, a highly visible downtown location, and flexible income-producing potential. The building has a rich history and has served as the longtime home of Live Oak Masonic Lodge #304 since 1911. Today, the property offers multiple spaces with separate entrances, providing flexibility for an investor or owner-user. The first floor is currently tenant occupied, offering existing rental income. The upper level is one of the property’s most memorable features, showcasing original wood floors, exposed rafters, and an expansive gathering space . An additional meeting area and kitchenette further expand the possibilities for the space.

Positioned in the heart of Downtown Kyle, directly across from City Hall and just a block from Mary Kyle Hartson City Square Park, the property benefits from a prominent location within the city’s historic core. A combination of character, location, existing tenancy, and adaptable space creates a unique opportunity that is increasingly difficult to replicate in one of Central Texas’ growing communities.

Zoned CBD-2. Offering Memorandum available upon request.

Location

107 W Center St, Kyle, TX 78640

Property Details

Price $1,150,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 0.06 acres (2,613.6 sqft)
Year Built 1911
Garage ,
Stories 3
Type Commercial Sale · Mixed Use
Subdivision S4635 - ORIGINAL TOWN OF KYLE
County Hays
Zip Code 78640
$/sqft ,
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool ,
Waterfront ,
New Construction ,
MLS # ACT248270137
List Date September 29, 2026
Elementary School ,
Middle School ,
High School ,
School District ,

Luke Allen (TREC #788149) has deep knowledge of Kyle and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$5,520/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$230,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$5,520
Principal + Interest−$6,276
Property Tax (~2.1% TX avg)−$2,013
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,248

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Kyle, TX

Kyle sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Hays County job center 5-10 min
Tesla Gigafactory 30 min N
Downtown Austin 35 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 29, 2026.

📞 (254) 718-2567 [email protected] More about Luke →