2204 Highway 71Bastrop, TX 78602

Property Details for 2204 Highway 71

Year built

1996

Lot size

2.48 AC

Property size (Sq ft)

2,000 SF

Property type

Commercial real estate

APN

R24013

APU

R24013

Description

This exceptional 2.47-acre commercial land parcel is strategically located on Hwy 71 in Bastrop, Texas, zip code 78602. The property boasts approximately 340 feet of highway frontage and benefits from high traffic counts averaging 22,000 vehicles per day. Currently zoned P-5 Core, this versatile lot offers significant development potential. An existing 2,000 square foot metal building is situated on the mostly cleared site, providing immediate utility or potential for renovation. The location is highly desirable, offering easy access to downtown Bastrop, Main Street, Bastrop State Park, and Mayfest Park, all within a five-minute drive. Nearby established businesses include Buc-ee's, and a future multifamily development project is planned nearby, further enhancing the property's value and potential for growth. This property is ideal for a variety of commercial uses, including flex/industrial or general commercial development. The asking price for this exceptional opportunity is $995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $570,934

  6.5%

  $527,016

  7%

  $489,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,780

  Geo Method

  $598,780

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,126,750

  Retail / Commercial

  $560,333

  Mixed-Use / Specialty

  $544,579

  Hospitality / Lodging

  $381,630

  Office

  $527,016

  Institutional / Educational

  $561,227

  Residential Income

  $656,635

  Multifamily

  $863,795

  Automotive / Energy

  $481,051

  Parking / Income-Based Land

  $179,596

  Restaurant / Food Service

  $253,881

  Healthcare / Senior Housing

  $572,563

Location Insight

City

Bastrop

County

Bastrop

State

Texas

Latitude

30.1061

Longitude

-97.301

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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