9
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$895,000
Est. payment /mo
4,000 SqFt
Active
211 Lower Elgin RD Elgin, TX 78621
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Key Details
Property Type Commercial
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $223
MLS Listing ID 8147258
Tax Year 2025
Lot Size 8.000 Acres
Acres 8.0
Property Sub-Type See Remarks
Source actris
Property Description
EXCEPTIONAL 8-ACRE UNRESTRICTED DEVELOPMENT OPPORTUNITY along Elgin's fast-growing FM 1704 growth corridor! Located directly adjacent to the new $108M Legacy Oak Middle School and future Elgin ISD High School campus, this high-yield land assembly features two contiguous 4-acre tracts with strong in-place carrying income. Includes two ~2,000 SF homes generating $4,500/mo ($54,000/yr gross) to offset carrying costs during site planning and entitlement. Home 1 (newer 4BR/2BA) projects $2,300/mo; Home 2 (3BR/2BA + covered storage shed) projects $2,200/mo. Completely UNRESTRICTED in Bastrop County—ideal for residential subdivision (0.25ac / 0.50ac lots trading $50k-$100k+), Build-To-Rent (BTR) duplex community, neighborhood retail center, self-storage, or flex-warehouse. On-site utilities include active water meters, power, and 2 independent septic systems. Sellers offer entire package for $895,000 or land-only baseline for ~$750,000. Rare turn-key holding asset in prime growth path!
Location
State TX
County Bastrop
Area Ba
Zoning No Restrictions
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Total Parking Spaces 100
Building
Structure Type See Remarks
New Construction No
Others
Restrictions None
Acceptable Financing See Remarks
Listing Terms See Remarks
Special Listing Condition Standard
Listed by Coldwell Banker Realty • Noble Smith
NEARBY SCHOOL & BUSINESS
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