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    113 Draper Ln Georgetown, TX 78628

    For Sale
    $2,400,000

    3.58-acre prime retail land, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3.58-acre commercial land parcel presents a remarkable investment opportunity in the thriving Georgetown, Texas market. Located at 113 Draper Lane, 78628, this property boasts a prime retail location just minutes from a major HEB grocery store and a soon-to-be-built Target. Situated near the busy intersection of Highway 29 and 183A, it benefits from high daily traffic counts, ensuring significant visibility and accessibility for any commercial venture. The property is in the Liberty Hill ETJ and currently has no zoning designation, offering flexibility for a variety of development plans. Its proximity to established retail anchors and the anticipated growth in the area makes it an ideal site for a retail center or other high-traffic commercial use. The property is conveniently located approximately two miles from both the proposed Target and the HEB center at Ronald Reagan. An additional 3.58 acres at 9501 W. Hwy 29 in Liberty Hill is also available, presenting the possibility of a larger-scale development. This location near Orchard Ridge offers significant potential for investors seeking a strong foothold in a rapidly expanding market. The property's strategic location and high visibility make it an attractive proposition for businesses seeking to capitalize on the area's robust growth and strong consumer base.

    Property Features for 113 Draper Ln

    General Information

    Property type
    Land
    Lot Size
    155,945 SF

    HighLights

    • 3.58‑acre commercial lot at 113 Draper Lane, Georgetown, TX 78628, near Orchard Ridge.
    • Located in the Liberty Hill ETJ, currently unzoned.
    • High daily traffic counts due to proximity to Hwy 29.
    • Approximately two miles from a proposed Target and an existing HEB.
    • An additional 3.58 acres available at 9501 W. Hwy 29, Liberty Hill, for larger development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.846137
    Latitude
    30.642837

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    FAQs

    What type of property is this?
    Land - 3.58-acre prime retail land, high traffic area.
    Where is this land located?
    The property is located at 113 Draper Ln Georgetown, TX.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 3.58-acre commercial lot at 113 Draper Lane, Georgetown, TX 78628, near Orchard Ridge.; Located in the Liberty Hill ETJ, currently unzoned.; High daily traffic counts due to proximity to Hwy 29.
    (512) 343-7500
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    113 Draper Ln Georgetown, TX 78628
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 Draper Ln Georgetown, TX 78628
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