Skip to main content

Commercial

Mixed Use Land (Austin MSA)

615 State Hwy 71, Bastrop, TX 78602

Listing Price: Request For Offer

Lot Size
24.45 acres
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a land tract in Bastrop, Texas (the “Property”). The 615 Hwy 71W land tract is a 24.45-acre parcel adjacent to US Hwy 71 and is the largest undeveloped tract north of Hwy 71 with close proximity to the city center and shopping. The property is located near extensive retail and residential development in the most populated portion of the rapidly growing city. ? Frontage includes 642’ on Highway 71. The property's oblong shape, advantageous position, and ample frontage make it an ideal site for future retail and multifamily development.

Investment Highlights

  • Seller will consider subdividing the property for a high-density multifamily development on north end of property, while retaining Hwy 71 frontage.
  • Seller Financing Available at attractive terms, including 75% LTV, 24-month term, IO
  • Largest Undeveloped Land Tract North of Hwy 71 with Proximity to the City Center, Shopping and Schools.
  • 642' Frontage on Hwy 71. Traffic Counts are 46,700 VPD on Hwy 71 and 7,000 VPD on Westbound Frontage Road.
  • Easy Access to Major Employment Hubs Including Downtown Austin (40 min); GigaTexas, ABIA, and COTA (25 min); and SpaceX & The Boring Company (10 min).

Exclusively Listed By

Financing By

Commercial

Mixed Use Land (Austin MSA)

Listing Price: Request For Offer

Lot Size
24.45 acres
Land Type
Land

Investment Highlights

  • Seller will consider subdividing the property for a high-density multifamily development on north end of property, while retaining Hwy 71 frontage.
  • Seller Financing Available at attractive terms, including 75% LTV, 24-month term, IO
  • Largest Undeveloped Land Tract North of Hwy 71 with Proximity to the City Center, Shopping and Schools.
  • 642' Frontage on Hwy 71. Traffic Counts are 46,700 VPD on Hwy 71 and 7,000 VPD on Westbound Frontage Road.
  • Easy Access to Major Employment Hubs Including Downtown Austin (40 min); GigaTexas, ABIA, and COTA (25 min); and SpaceX & The Boring Company (10 min).

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a land tract in Bastrop, Texas (the “Property”). The 615 Hwy 71W land tract is a 24.45-acre parcel adjacent to US Hwy 71 and is the largest undeveloped tract north of Hwy 71 with close proximity to the city center and shopping. The property is located near extensive retail and residential development in the most populated portion of the rapidly growing city. ? Frontage includes 642’ on Highway 71. The property's oblong shape, advantageous position, and ample frontage make it an ideal site for future retail and multifamily development.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower