1401 Chestnut St Bastrop, TX 78602
This exceptional .658-acre redevelopment opportunity sits in the heart of Bastrop, Texas, at the hard corner of 1401 Chestnut Street. Its strategic location is directly across from the Bastrop Convention & Exhibit Center and adjacent to City Hall, ensuring high visibility and foot traffic. The property boasts over 10,000 vehicles per day passing by, presenting a unique chance to capitalize on this bustling area. This is one of the last remaining redevelopment tracts available in downtown Bastrop, making it a truly rare find. An adjacent 17,000 square foot lot is also available from a separate seller, offering potential for expansion. The property is zoned for a variety of uses, including retail, restaurant, bar, hotel, office, or venue, allowing for significant flexibility in development plans. Zoning and use restrictions should be independently verified by the buyer. Showings are by appointment only; please do not disturb the current tenant or their customers. This is an unparalleled chance to invest in a thriving Texas town and create a landmark property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.