Intersection of SH 29 and County Road 120 - 403-Acre Mixed-Use Development Parcel
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Intersection of SH 29 and County Road 120 - 403-Acre Mixed-Use Development Parcel
403 Acres of Residential Land in Georgetown, TX 78626
Investment Highlights
- Capitalize on one of the largest undeveloped tracts along SH 29 between Georgetown & Taylor in the Austin, Texas MSA
- Adjacent to $30B Corridor C/SH 29 Bypass project, with an estimated completion of Summer 2026
- Georgetown is a rapidly growing community with a booming 68% population growth since 2010
- Unzoned 403-acre site with prominent frontage along Highway 29, Country Roads 120 & 121, & along the San Gabriel River
- Located within East Williamson County MUD #1 boasting a $300M bond approved for infrastructure
Executive Summary
Bankruptcy Sale: U.S. Bankruptcy Court for the Western District of Texas (Austin). Petition No. 24-10313-cgb I In re: HPV Family, LLC.
Hilco Real Estate Sales announces a qualified bid deadline of November 6 by 5:00 p.m. (CT) with a sale confirmation hearing scheduled for November 20 at 1:00 p.m. (CT).
Situated at the intersection of SH 29 and County Road 120 Highway, this exceptional land opportunity is just six miles east of downtown Georgetown, one of the fastest-growing cities in the country. The sprawling ±403-acre site has plans in place for a premier, mixed-use development featuring 2,500+ single and multifamily homes, retail, office, hospitality, and entertainment components, together with an abundance of parks, trails, gardens, and open green space.
The site features significant frontage along SH 29 and is adjacent to the Corridor C project, a soon-to-be-completed bypass that will link Sam Houston Avenue to SH 29, bringing increased connectivity to the area. The site is also proximate to Interstate 35 and Toll 130, offering easy access to major employers such as Samsung, Dell, Amazon, and Tesla, as well as local and national retail. For convenient out-of-town travel, the Georgetown Executive Airport is less than 15 minutes away.
Located in far northeast Austin, this area beautifully blends rural Texas charm and Southern hospitality with proximity to urban centers and an active outdoor lifestyle. The combination of scenic surroundings and convenient access to nearby cities, from Austin to Waco, creates a desirable atmosphere for residents. Anchored by the San Gabriel River, this large community offers the perfect balance between nature and city living.
This property presents an exceptional opportunity for the city’s next premier residential development, ideal for investors looking to capitalize on a growing and dynamic region.
Hilco Real Estate Sales announces a qualified bid deadline of November 6 by 5:00 p.m. (CT) with a sale confirmation hearing scheduled for November 20 at 1:00 p.m. (CT).
Situated at the intersection of SH 29 and County Road 120 Highway, this exceptional land opportunity is just six miles east of downtown Georgetown, one of the fastest-growing cities in the country. The sprawling ±403-acre site has plans in place for a premier, mixed-use development featuring 2,500+ single and multifamily homes, retail, office, hospitality, and entertainment components, together with an abundance of parks, trails, gardens, and open green space.
The site features significant frontage along SH 29 and is adjacent to the Corridor C project, a soon-to-be-completed bypass that will link Sam Houston Avenue to SH 29, bringing increased connectivity to the area. The site is also proximate to Interstate 35 and Toll 130, offering easy access to major employers such as Samsung, Dell, Amazon, and Tesla, as well as local and national retail. For convenient out-of-town travel, the Georgetown Executive Airport is less than 15 minutes away.
Located in far northeast Austin, this area beautifully blends rural Texas charm and Southern hospitality with proximity to urban centers and an active outdoor lifestyle. The combination of scenic surroundings and convenient access to nearby cities, from Austin to Waco, creates a desirable atmosphere for residents. Anchored by the San Gabriel River, this large community offers the perfect balance between nature and city living.
This property presents an exceptional opportunity for the city’s next premier residential development, ideal for investors looking to capitalize on a growing and dynamic region.
Sale Flyer
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 403.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 403.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 403.00 AC |
| Lot Size | 403.00 AC |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £5,738,780 | Total Assessment | £5,738,780 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£5,738,780
Improvements Assessment
£0
Total Assessment
£5,738,780
zoning
| Zoning Code | Unzoned (Outside of current Georgetown zoning, allowing for a wide swath of development opportunities) |
| Unzoned (Outside of current Georgetown zoning, allowing for a wide swath of development opportunities) |
Sale Advisors
Sale Advisors
Stephen Madura, Senior Vice President
(847) 504-2478
Contact
Steve brings extensive real estate marketing and transactional experience to Hilco Real Estate, having participated in the sale of over $500 million worth of properties across nearly every asset class during the course of his career. Steve oversees operations, marketing and execution of the asset sales team. His responsibilities include project management, deal structuring, detailed property valuation, market analysis and business development. Steve has worked with individuals, investors, developers, financial institutions, REIT’s, hedge funds, private equity funds, home builders, the hospitality and golf industry, healthcare providers, business owners and corporate America as a real estate consultant and strategic advisor. Asset types have included multifamily, office, industrial, retail, hospitality, golf courses, development land and special use properties on behalf of high profile clients. Steve is also active in the bankruptcy and restructuring space, representing debtors, secured creditors and trustees in both Chapter 11 and 7 proceedings throughout the United States.
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Stephen Madura -
Michael Kneifel -
Hilco Real Estate
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Intersection of SH 29 and County Road 120 - 403-Acre Mixed-Use Development Parcel
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