0 Tbd Fitzhugh Rd Austin, TX 78736
This exceptional 11.98-acre commercial land parcel presents a unique investment opportunity in Austin, Texas. Located on Fitzhugh Road, this property boasts a prestigious Austin address while being situated entirely within Hays County (zip code 78736). A significant advantage is the inclusion of a county-approved 35-year development agreement, streamlining the development process. The site is fully designed for a substantial 110,000 square-foot development, envisioned as a multi-building retail, warehouse, or office park. Its "shovel-ready" status minimizes delays and maximizes return on investment. The property benefits from its strategic location amidst a thriving area featuring popular breweries, distilleries, and restaurants, ensuring high visibility and foot traffic. This prime location offers easy access to Southwest and Central Austin, as well as Bee Cave, Lakeway, Dripping Springs, Wimberley, and the Hill Country's rapidly growing corridor. The high demand and low availability of similar properties in this sought-after Austin MSA make this a compelling opportunity for developers seeking to build-to-lease or build-to-sell, or for owner-occupiers such as manufacturers, retailers, or beverage producers. The asking price is $4,750,000. Fitzhugh Road frontage adds further value to this remarkable property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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