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Property profile & analytics
OFF-MARKET
Land

0 Us-183 Briggs, TX 78608

60 ac lot
Property ID
Property summary
AI-generated overview

This exceptional property offers 60 acres (with a right of first refusal on an additional 255 acres) of prime commercial land situated directly on Highway 183 in Briggs, Texas, zip code 78608, Burnet County. The land is perfectly flat, outside of any floodplain, and clear of trees, presenting a unique opportunity for various development projects. The asking price for the 60-acre parcel is $4,445,000, translating to $74,000 per acre. An option to purchase an additional 255 acres is available at a price of $65,000 per acre. The property's zoning is currently designated as Agriculture, offering flexibility for a range of uses including single-family residential, industrial, or distribution facilities. Its strategic location provides excellent visibility and accessibility. The property boasts a quarter-mile of frontage on Highway 183, placing it just one mile from Firefly Aerospace, 14 miles from the terminus of the Highway 183 toll road, and within convenient driving distance of Georgetown (18 minutes), Cedar Park (20 minutes), Round Rock (40 minutes), and Austin (50 minutes). This combination of size, location, and desirable topography makes this a highly attractive investment opportunity. The property is ideal for developers seeking a large, easily developable tract in a rapidly growing area of Texas.

Property profile
Verified
Property type Land
Lot 60 ac (2,613,600 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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