± 658 Acres San Marcos

2503 Old Ranch Road 12, San Marcos, TX, 78666, US

Description

Jones Lang LaSalle (“JLL”), on behalf of the owner, is pleased to present ± 658 Acres in San Marcos, TX (Austin MSA). The Property is located on the west side of I-35 on RR 12, the main thoroughfare connecting San Marcos to Wimberly, TX through the beautiful Texas Hill Country. The Property is fully entitled and has a legislative MMD in place that funds public infrastructure. San Marcos has one of Texas’ largest universities, Texas State, that holds almost 45,000 enrolled students. The 658 acres is an ideal development opportunity to take advantage of the continued booming growth in Central Texas.

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Attributes

Site Size

± 658.31 Acres

Frontage

Ranch Road 12: ± 4,594’

Media

Investment Highlights

Site Size: ± 658.31 Acres
Frontage: Ranch Road 12: ± 4,594’
Schools: San Marcos Consolidated ISD
Hernandez Elementary School
Miller Middle School
San Marcos High School
Entitlements Allocated
Maximum Single-Family Homes: 1,000
Maximum Multi-Family 24: 325
Maximum Community Commercial Acres: 100
Maximum Impervious Cover Acres: 200
*Subject to land planning
Opportunity Zone: The Property is located in a qualified opportunity zone
Management Municipal District: Created in Last Texas Legislature with assessment powers (similar to PID) and/or ad valorem tax rate powers (similar to MUD) gives flexibility on structuring and maximizing future public financing of infrastructure improvements. Projected future bonding capacity of ~$50 to $60 million.