Property profile

6305 Fm 971 Georgetown, TX 78626

OFF-MARKET
Land
Property ID
US83-0899358
2.25 ac lot
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

Exceptional opportunity to acquire 2.25 acres of commercially zoned land in Georgetown, Texas. This prime 98,054 square foot parcel boasts approximately 340 linear feet of frontage on FM 971, a major thoroughfare with an average daily traffic volume of 1,682 vehicles in 2022. Located on the east side of Weir, north of FM 971, this property is situated in a Qualified Opportunity Zone, offering significant tax advantages. A completed site improvement plan is in place for a 10,673 square foot building, streamlining the development process. The property is conveniently located near the new Samsung plant, benefiting from the economic growth and increased demand in the area. The land is free of easements and 100-year flood plain concerns. City of Weir jurisdiction applies, with specific restrictions in place. The legal description is S13046 - D G WEIR ADD, BLOCK A, Lot 1, and the WCAD ID is R636978. Surrounding land is under contract with SFR Builders, indicating strong market demand. This is an ideal investment for developers seeking a strategic location with significant development potential. Asking price is $525,000.

Property profile

Verified
Property type Land
Lot 2.25 ac (98,010 SF)
UPID US83-0899358

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

6305 Fm 971 Georgetown, TX 78626
Georgetown metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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