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    2801 University Ave Georgetown, TX 78628

    Sponsored
    For Sale
    $1,150,000

    Prime 1.8-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.804-acre commercial land parcel presents a remarkable investment opportunity in Georgetown, Texas. Ideally situated at the entrance to the Riverview neighborhood, this property boasts prominent frontage on heavily trafficked Highway 29 (University Ave) and River Terrace Drive, experiencing combined daily traffic counts exceeding 25,000 vehicles (per TXDoT 2021 data). Highway 29 serves as a vital connector between US 183 and I-35, a corridor experiencing significant recent growth, including numerous residential developments and two nearby HEB grocery stores. The property's convenient location places it in close proximity to the Wolf Ranch Town Center, offering easy access to a variety of established businesses such as Target, Chick-fil-A, ALDI, and more. This C-3 zoned lot (Georgetown) features all utilities on-site and is notably located outside of any floodplain. To further enhance its appeal, the seller is currently undertaking the construction of both a detention facility and an access drive from River Terrace Drive. The property's APN is R494956. This is a rare opportunity to acquire a high-visibility, ready-to-develop commercial site in a thriving Texas market. The asking price is $1,150,000.

    Property Features for 2801 University Ave

    General Information

    Property type
    Land
    Lot Size
    78,582 SF

    HighLights

    • 1.804‑acre site
    • C‑3 zoning (Georgetown)
    • Frontage on Hwy 29 (University Ave) and River Terrace Dr.
    • Utilities available
    • No floodplain concerns
    • Seller‑funded detention basin under construction
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverview Lodging Extra Space Storage Self-Storage Facility Pulsar Air Duct ... General Contractor

    Suggested Use

    Realty agency Restaurant Building Supply Clothing Store Hotel & Motel Gym & Fitness Department Store Storage Facility HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.735410396207
    Latitude
    30.632791226236

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    FAQs

    What type of property is this?
    Land - Prime 1.8-acre commercial lot
    Where is this land located?
    The property is located at 2801 University Ave Georgetown, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 1.804-acre site; C-3 zoning (Georgetown); Frontage on Hwy 29 (University Ave) and River Terrace Dr.
    Request Owner's contact information
    2801 University Ave Georgetown, TX 78628
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    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
    2801 University Ave Georgetown, TX 78628
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