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Tbd Fm20 Bastrop, TX 78602

For Sale
$6,975,000

Prime 14-Acre Tract, 310+ Units Possible

Description

Added:
Feb 3, 2025
Days on Market:
310
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.

Property Features for Tbd Fm20

General Information

Property type
Residential income properties
Lot Size
618,116 SF

Building Details

Year Built
1701

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Map

City
Bastrop
County
Bastrop
State
Texas
Longitude
-97.37301
Latitude
30.10989

FAQs

What type of property is this?
Residential income property - Prime 14-Acre Tract, 310+ Units Possible
Where is this residential income property located?
The property is located at Tbd Fm20 Bastrop, TX.
What is the asking price?
The asking price for this property is $6,975,000.
More about this property
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