1951 FM1460, Georgetown, TX, 78626, US

Georgetown 1460

Asset Description

JLL has been exclusively hired to offer qualified investors the opportunity to purchase the ±51.055-acre development-ready site ("Georgetown 1460" or "The Site") located in Georgetown, TX. Under the current Planned Unit Development (PUD), this Site can accommodate up to 525 multifamily units, with additional acreage zoned for commercial or retail use. With its strategic location between the heavily traveled I-35 and the expanding Highway 130, the site offers ideal accessibility.

Georgetown is one of the fastest-growing cities in the nation. It has continued to benefit from a significant cost of living discount compared to Austin while maintaining accessibility to all the amenities and comforts that Central Texas has to offer. This project is within Georgetown ISD, offering future residents access to Georgetown's most desirable schools. The site presents an opportunity to capitalize on Georgetown's dynamic growth and escalating demand for quality multifamily housing in one of Texas' most promising markets.

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Attributes

Land area gross

20.66 ha

Media

Investment Highlights

Prime Development Site Keystone Georgetown

The 51.055-acre site can accommodate up to 525 multifamily units, with additional acreage zoned for commercial or retail use. Located one mile east of I-35, the site is ideally located. Zoning allows for diverse residential options, including multifamily, townhomes, single family, and duplexes.

Booming Market Dynamics

Georgetown's population is projected to grow 44.4% by 2030. The median home values increased 35% from 2015-2019. Austin MSA is facing a housing shortage with northward expansion making Georgetown increasingly attractive to developers and residents alike.

Cost-Effective Living

Georgetown's housing costs are 27.6% lower than Austin. The overall cost of living index in Georgetown is 117 compared to Austin's 129.1.

Strong Schools and Job Market

Georgetown ISD ranks among top school districts in Austin MSA. Excellent job access with major employers 5-15 minutes away.