251 Co Rd Georgetown, TX 78626

This exceptional 21.91-acre tract presents a unique opportunity for multifamily development in Georgetown, Texas. Located just one block north of University Boulevard, off County Road 107, the property boasts outstanding views and favorable topography. Its strategic location offers easy access to major employment centers in the medical, retail, and educational sectors, with proximity to Texas State University – Round Rock, St. David's School of Nursing, Texas A&M Health Science Center, Southwestern University, Seton Medical Center, Round Rock Outlets, Emerson, and major highways including Toll 130 and I-35. Currently situated in the Georgetown ETJ (Extra Territorial Jurisdiction), this property benefits from recent infrastructure improvements, including a newly installed 12-inch water main by Jonah Water and a newly created public wastewater district, eliminating previous service limitations. A landowner request to be removed from the ETJ (filed September 1, 2023) further streamlines development by reducing jurisdictional complexities to county level oversight only, avoiding city regulations and associated taxes. The property includes an existing home and outbuildings, likely slated for demolition. The high elevation at the rear of the property provides sweeping views of the surrounding area. This development opportunity offers significant potential for substantial returns, given the prime location, improved infrastructure, and simplified regulatory environment. The expected permitting completion date is August 2024.