501 12th Street Marble Falls, TX 78654

This 10.28-acre property is a redevelopment opportunity located in Marble Falls. Zoned C1-PDD, it allows for a range of uses, including multifamily housing, retail, restaurants, medical offices, daycare facilities, education facilities, religious assembly, recreation facilities, professional services, and mixed-use development. The PDD includes a previously approved concept plan for approximately 180 multifamily units, and zoning allows up to 24 units per acre. The property includes two buildings totaling approximately 22,217 square feet. The main building offers 18,267 square feet with a gymnasium, commercial kitchen, restrooms, and approximately 11 offices and was previously used as a private school campus. A second building contains approximately 3,950 square feet. Existing improvements may allow interim occupancy, adaptive reuse, or phased redevelopment while planning a larger project. The site benefits from infrastructure including over 40,000 square feet of concrete slabs and over 275 parking spaces. It is located approximately 0.5 miles from the Highway 281 and FM 1431 intersection and minutes from H-E-B, Downtown Marble Falls, and Lake Marble Falls. The property has City of Marble Falls utilities.