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    Tbd Fitzhugh Rd Austin, TX 78736

    For Sale
    $4,750,000

    Austin, TX: 12 acres, shovel-ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 11.98-acre commercial land parcel presents a unique investment opportunity in Austin, Texas. Located on Fitzhugh Road, this property boasts a prestigious Austin address while being situated entirely within Hays County (zip code 78736). A significant advantage is the inclusion of a county-approved 35-year development agreement, streamlining the development process. The site is fully designed for a substantial 110,000 square-foot development, envisioned as a multi-building retail, warehouse, or office park. Its "shovel-ready" status minimizes delays and maximizes return on investment. The property benefits from its strategic location amidst a thriving area featuring popular breweries, distilleries, and restaurants, ensuring high visibility and foot traffic. This prime location offers easy access to Southwest and Central Austin, as well as Bee Cave, Lakeway, Dripping Springs, Wimberley, and the Hill Country's rapidly growing corridor. The high demand and low availability of similar properties in this sought-after Austin MSA make this a compelling opportunity for developers seeking to build-to-lease or build-to-sell, or for owner-occupiers such as manufacturers, retailers, or beverage producers. The asking price is $4,750,000. Fitzhugh Road frontage adds further value to this remarkable property.

    Property Features for 0 Tbd Fitzhugh Rd

    General Information

    Property type
    Land
    Lot Size
    521,849 SF

    HighLights

    • Fitzhugh Road frontage.
    • Approved 35‑year development agreement with Hays County.
    • 110,000 square foot floor plan design.
    • Hays County location with Austin address.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Austin
    County
    Hays
    State
    Texas
    Longitude
    -98.0211759
    Latitude
    30.2433249

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    FAQs

    What type of property is this?
    Land - Austin, TX: 12 acres, shovel-ready
    Where is this land located?
    The property is located at Tbd Fitzhugh Rd Austin, TX.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: Fitzhugh Road frontage.; Approved 35-year development agreement with Hays County.; 110,000 square foot floor plan design.
    (512) 892-9934
    Request Owner's contact information
    Tbd Fitzhugh Rd Austin, TX 78736
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    Austin, TX 78736
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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

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    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
    Tbd Fitzhugh Rd Austin, TX 78736
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