501 12th Street, Marble Falls, TX 78654

The property is a 10.28-acre infill development site with two existing buildings totaling approximately 22,217 square feet. The main building offers approximately 18,267 square feet and includes a gymnasium, commercial kitchen, restrooms, and approximately 11 offices. A second building contains approximately 3,950 square feet. The site also features substantial site improvements, including over 40,000 square feet of concrete slabs, significant impervious cover, and 275+ parking spaces, which may support interim occupancy, adaptive reuse, or phased redevelopment while planning a larger project.

Zoned C1-PDD, the property permits a wide range of uses, including multifamily housing, retail, restaurants, medical offices, daycare and 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, subject to city approvals. The site is located approximately 0.5 miles from the Highway 281 and FM 1431 intersection.

This offering can fit buyers seeking a core-of-town redevelopment parcel with existing school-related improvements and extensive parking and paving already in place. City of Marble Falls utilities are available, and the buyer is responsible for verifying capacity. Owner financing may be available for qualified buyers, and a recent appraisal is available upon request.