Tbd Fm20Bastrop, TX 78602

Property Details for Tbd Fm20

Year built

1701

Lot size

14.19 AC

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

This exceptional 14.187-acre multi-family development site presents a remarkable investment opportunity in the thriving Adelton master-planned community of Bastrop, Texas. Located just minutes from downtown Bastrop and approximately 30 minutes from Austin, this strategically positioned parcel offers unparalleled access to a vibrant and growing area. The property boasts frontage along three roads, maximizing visibility and accessibility. Preliminary site plans indicate the potential for over 310 residential units, exceeding the initial 171-unit concept. Adelton is a well-planned community featuring over 50 acres of parkland, an extensive trail system, and 125,000 square feet of planned commercial space, creating a desirable living environment for future residents. The property is priced at $6,975,000, translating to an attractive $22,500 per unit based on a minimum of 310 units. The 2024 Adelton tax rate is $2.55018 per hundred dollars of assessed valuation. This is a rare chance to acquire a large-scale development site in a high-demand location with significant upside potential. The existing site work provides a solid foundation for a swift and efficient development process. Don't miss this opportunity to capitalize on the burgeoning Bastrop real estate market.

Location Insight

City

Bastrop

County

Bastrop

State

Texas

Latitude

30.1099

Longitude

-97.373

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