Hotel-Motel
Elgin Commons Hotel Pad Site
US-290, Elgin, TX 78621
Listing Price: $3,289,632
Lot Size
4.19 acres
Price/Acre
$785,115
Land Type
Land
Investment Overview
None to include.
Elgin Commons Hotel Pad Site
Investment Highlights
- Flexible Development Scale: Buyers can select between 2 or 4 acres, allowing for tailored hotel projects that match investment goals.
- Multiple Franchise Opportunities: Access to multiple established hotel franchises enables strategic branding choices.
- Strategic Proximity to Major Employers: Located approximately 30 minutes from Tesla's Gigafactory Texas and less than 20 minutes from Samsung's semiconductor manufacturing facility, two of Central Tex
- High-Growth Residential Trade Area: Surrounding population has grown 40 percent since 2020 and is forecast to increase an additional 16 percent by 2030, supported by strong in-migration trends.
- Significant Residential and Commercial Development Pipeline: Area includes approximately 15,000 new homes under construction and $45 million in planned commercial development, driving sustained demand for services.
- Strong Traffic Counts and Accessibility: Highway 290 features 33,606 vehicles per day (AADT 2024), enhancing exposure for retail, service, medical, and restaurant uses.
- Located Near Core Regional Demand Generators: Proximate to Dell Children's Medical Center, the University of Texas at Austin, Austin-Bergstrom International Airport, Circuit of the Americas.
- Pre-Zoned for Hotel Development: Utilities, roads, and site prep in place, reducing development timelines and costs.
Listing Price: $3,289,632
Lot Size
4.19 acres
Price/Acre
$785,115
Land Type
Land
Investment Highlights
- Flexible Development Scale: Buyers can select between 2 or 4 acres, allowing for tailored hotel projects that match investment goals.
- Multiple Franchise Opportunities: Access to multiple established hotel franchises enables strategic branding choices.
- Strategic Proximity to Major Employers: Located approximately 30 minutes from Tesla's Gigafactory Texas and less than 20 minutes from Samsung's semiconductor manufacturing facility, two of Central Tex
- High-Growth Residential Trade Area: Surrounding population has grown 40 percent since 2020 and is forecast to increase an additional 16 percent by 2030, supported by strong in-migration trends.
- Significant Residential and Commercial Development Pipeline: Area includes approximately 15,000 new homes under construction and $45 million in planned commercial development, driving sustained demand for services.
- Strong Traffic Counts and Accessibility: Highway 290 features 33,606 vehicles per day (AADT 2024), enhancing exposure for retail, service, medical, and restaurant uses.
- Located Near Core Regional Demand Generators: Proximate to Dell Children's Medical Center, the University of Texas at Austin, Austin-Bergstrom International Airport, Circuit of the Americas.
- Pre-Zoned for Hotel Development: Utilities, roads, and site prep in place, reducing development timelines and costs.
Investment Overview
None to include.
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