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- LoopNet Team
1001 FM 969
Bastrop, TX 78602
49± AC Multifamily Development Tract · Land For Sale · 49.00 AC
Investment Highlights
- Potential for either 426 duplex units or a hybrid plan to build 214 duplex units & a 380-unit apartment complex
- 1,000± FT of Colorado River frontage & 2,000+ FT of frontage along well-trafficked FM 969
- Situated adjacent to XS Ranch, a planned development featuring 10,000 residential units & 500,000 SF of commercial/retail space
- Entitlements completed & partial infrastructure in place
- Immediately adjacent to 520,000± SF SpaceX manufacturing facility & The Boring Company's R&D facility
- Approximately 30 minutes SE of Austin within the path of development
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 49.00 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 49.00 AC |
Description
This residential development offering is ideally set along the Colorado River at the intersection of FM 1209 and FM 969 in the rapidly growing Austin suburb of Bastrop, Texas. With the potential for 595 total units, the property features lush greenery, panoramic views, direct river frontage and plans for a 13-acre park complete with a dog run, children’s play area and private orchard. Noteworthy demand drivers in the Bastrop area include Bastrop 552, a planned 546-acre film and entertainment complex that is estimated to bring roughly 1,400+ permanent jobs; SpaceX’s 520,000 SF manufacturing facility; The Boring Company’s R&D facility; XS Ranch, a 7,500-acre master planned development featuring 10,000 residential units, 500,000 SF of commercial/retail space, 70 lakes and ponds along 2.75 miles of the Colorado River, all which sit adjacent to the site. Well located, the property is southeast of Austin and the Austin Bergstrom Airport, 25 minutes from the new Tesla Giga Factory and proximate to old town Bastrop, which has a great collection of local retails stores, cafés and restaurants. Live the best of Texas country life in beautiful Bastrop County while working and playing in Austin!
zoning
| Zoning Code | ETJ |
| ETJ |
