Investment Overview

Marcus & Millichap is pleased to offer for sale the 20-Acre Emerald Storage development site at 18410 Farm to Market 969 in Manor, Texas. The site is divided into two parcels, one of which includes a fully operational RV park. The subject property offers electric service provided by Austin Energy, a private well for water supply and utilizes septic tanks for waste management. This property is strategically positioned for significant future growth, surrounded by large-scale developments that are set to transform the area into a major economic hub. Manor, Texas, located just 12 miles northeast of downtown Austin, is one of the fastest-growing suburbs in the Austin metropolitan area. The property is less than 10 miles from the Austin-Bergstrom International Airport, which facilitates the air travel of more than 22 million passengers annually. Once a quiet, rural town, Manor has transformed into a blossoming community, attracting new residents and businesses due to its affordability, proximity to Austin, and rapidly expanding infrastructure. The property sits next to the planned 1,100-acre Emerald Village development, which will soon be home to the $8.7 billion Emerald Island "mini-city" project led by Carpenter & Associates Inc. This visionary project aims to create a world-class destination with a 500-room wave hotel, an observation wheel, a 50-acre lagoon, convention center space, resort casinos, hotels, entertainment hubs, shops, restaurants, and an 80,000-seat stadium. With the promise of generating its own energy, growing its own food, and collecting its own water, Emerald Island will be a fully self-sustained community, bringing a futuristic appeal to the region. Emerald Island is just one piece of a broader $19 billion investment plan into the area by Carpenter & Associates Inc., which includes the development of the $10 billion Greenport International Airport Technology and Data Center. This aviation campus will be a hub for high-tech research, energy storage, data centers, and private flight facilities. The property is also located near The Merle on Howard, a major residential development spanning 60 acres in Pflugerville, Texas. Phase one of the development, which covers 17 acres, will feature 444 units across garden-style apartments and townhomes, and is expected to welcome its first residents in fall 2025.