146 Fm 20 Bastrop, TX 78602
This exceptional 40.114-acre development site in Bastrop, Texas, presents a compelling investment opportunity. Located at 146 FM 20, this property boasts 600 feet of frontage on FM 20 and convenient access to SH-71, offering easy connectivity to Bastrop's commercial areas, Austin, and Houston. The site's flat topography and minimal tree coverage simplify development, while its square shape maximizes usability. Zoned AO - Agriculture Open, this land is ideally suited for a variety of uses, including residential, mixed-use, or commercial projects. The property benefits from its proximity to the 348-acre, 1,200-homesite Adelton Mixed-Use Master-Planned Community, ensuring a thriving surrounding environment. Water and wastewater services are readily available via the City of Bastrop. Further enhancing its appeal, the property features no floodplain encroachments and a 24-inch wastewater gravity main approximately 700 feet south along FM 20, with water service immediately adjacent. This prime location, coupled with its desirable characteristics, makes this a truly exceptional development opportunity. The asking price is $11,000,000. The property's APN is 23221. The property is privately owned.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.