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Property profile & analytics
OFF-MARKET
Land

1300 Co Rd Elgin, TX 78621

29.59 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 29.59-acre unrestricted commercial property in Elgin, Texas, presents a remarkable investment opportunity. Located at 1300 Co Rd 461, Bastrop County, zip code 78621, this expansive land parcel boasts a desirable blend of open fields and mature trees, offering both privacy and scenic beauty. The property is conveniently situated near Samsung and enjoys easy access to major highways, providing seamless connectivity to Elgin's amenities while maintaining a tranquil atmosphere. Importantly, this land is outside the floodplain. Currently featuring three separate dwellings, the property's versatility is unparalleled. The absence of restrictions unlocks a wide range of development possibilities, including residential subdivisions, RV parks, event venues, or agricultural ventures. All essential utilities are already in place, simplifying development plans and minimizing upfront costs. The asking price is $940,000. This property offers stunning views and presents a compelling investment opportunity for discerning buyers seeking significant development potential in a prime Texas location. The APN is 15084.

Property profile
Verified
Property type Land
Lot 29.59 ac (1,288,940 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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