TX-230 Loop Rd Smithville, TX 78957
This exceptional 37.36-acre property presents a significant development opportunity in Smithville, Texas. Strategically located on the west side of the Smithville airport, with a portion bordering Highway 71, this land offers unparalleled access and visibility. The property comprises two parcels, approximately 35.58 acres and 1.78 acres, which can be purchased individually or together. Currently zoned for commercial, industrial, and ranch uses (zoning verification is recommended with the City of Smithville), this land is priced competitively for subdivision into 2-4 acre tracts. Its proximity to key areas enhances its appeal: it's situated 2.3 miles from downtown Smithville, approximately 2 miles from the Colorado River, 13 miles from Bastrop, and 43 miles from Austin. The area is experiencing growth, with Smithville's recent annexation of 75 acres and the development of an industrial park across Highway 71 from the airport. This presents a unique chance to capitalize on the region's expanding infrastructure and economic activity. The asking price is $11,391,811. This property is in Bastrop County, Texas, with a zip code of 78957.
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
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Property description
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Risks
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