Current Use by Public Records
- Land
Property Details for 2510 Rowe Ln
- Lot size
- 4.00 lot acres
- Property type
- Land
Description
This exceptional 4-acre commercial and residential land parcel in Pflugerville, Texas (Lot 2, 2510 Rowe Ln, 78660), presents a compelling development opportunity. Zoned for Pflugerville ETJ, this fee-simple property is shovel-ready upon closing, with approved plans for a 131,170 square-foot mixed-use development. The approved plans encompass 64 townhomes (featuring 2 and 3-bedroom units) and retail spaces available for lease. This prime location offers easy access to major thoroughfares, including Highway 130, providing convenient commutes to Austin, Round Rock, and Hutto. Its proximity to the Samsung Semiconductor plant in Taylor (8.1 miles) and the new Samsung Highway (11.3 miles) further enhances its appeal. The surrounding area boasts strong demographics, with an average annual household income of $139,975 and a projected 11.1% population growth within the next five years. Established neighborhoods like Meadows of Blackhawk and The Estates of Rowe Lane are nearby, along with several schools including Rowe Lane Elementary and Abacus Children's Academy. The lack of retail options in the immediate vicinity presents a significant opportunity for lease income from local businesses. A pro forma analysis suggests a potential levered cash-on-cash return of 2.49x at disposition, assuming a 7.00% terminal cap rate and a three-year construction timeline. The property's strategic location, strong demographics, and approved development plans make this a highly attractive investment. The asking price is $2,800,000. Potential buyers are responsible for their own due diligence and underwriting.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pflugerville
- County
- Travis
- State
- Texas
- Longitude
- -97.5705
- Latitude
- 30.4833
