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10700 State 29 hwy - Ranch29 Multifamily & Retail Tract 6.84 - 35.84 Acre Residential Land Lots in Liberty Hill, TX 78642
INVESTMENT HIGHLIGHTS
- Booming northwestern corridor just off the newly expanded Highway 183
- Affluent demographics in a high-growth submarket of the Austin MSA
- Opportunity to acquire a shovel ready de-risked asset that creates significant value through entitlements
EXECUTIVE SUMMARY
Jones Lang LaSalle (“JLL”) is pleased to offer the unique opportunity to acquire the Ranch29
Development Tract (the “Property” or “Site”). The entirety of the acreage consists of ±42.68 acres,
including a fully entitled, "shovel-ready" ±35.84-acre development Site as well as a ±6.84-acre C-3
zoned commercial tract in Liberty Hill, Texas—one of the fastest-growing suburbs in the northern
part of the Austin MSA. Positioned just off the Highway 183A corridor along Highway 29, the
Site is in the immediate path of growth, offering a developer a de-risked asset that bypasses the
region's lengthy and uncertain entitlement process. The entire site is ±42.68 acres and includes
±6.84 acres located within the Liberty Hill Jurisdiction. The multifamily tract is slated for a 318-unit,
market-rate community with a mix of studio, one-, two- and three-bedroom units averaging 923
SF. A buyer can proceed with phase 1 of the multifamily tract with phase 1 directly to permitting
with full construction plan sets in hand and wet utilities available, saving significant time and cost.
Furthermore, the sellers have negotiated a traffic mitigation agreement that permanently exempts
the land from traffic impact analyses and associated fees, providing hundreds of thousands of
dollars in direct cost savings. This is a rare opportunity to capitalize on the area's powerful growth
by developing a premier residential community in a submarket with limited new, high-end supply.
Development Tract (the “Property” or “Site”). The entirety of the acreage consists of ±42.68 acres,
including a fully entitled, "shovel-ready" ±35.84-acre development Site as well as a ±6.84-acre C-3
zoned commercial tract in Liberty Hill, Texas—one of the fastest-growing suburbs in the northern
part of the Austin MSA. Positioned just off the Highway 183A corridor along Highway 29, the
Site is in the immediate path of growth, offering a developer a de-risked asset that bypasses the
region's lengthy and uncertain entitlement process. The entire site is ±42.68 acres and includes
±6.84 acres located within the Liberty Hill Jurisdiction. The multifamily tract is slated for a 318-unit,
market-rate community with a mix of studio, one-, two- and three-bedroom units averaging 923
SF. A buyer can proceed with phase 1 of the multifamily tract with phase 1 directly to permitting
with full construction plan sets in hand and wet utilities available, saving significant time and cost.
Furthermore, the sellers have negotiated a traffic mitigation agreement that permanently exempts
the land from traffic impact analyses and associated fees, providing hundreds of thousands of
dollars in direct cost savings. This is a rare opportunity to capitalize on the area's powerful growth
by developing a premier residential community in a submarket with limited new, high-end supply.
PROPERTY FACTS
2 LOTS AVAILABLE
Lot
| Lot Size | 35.84 AC |
| Lot Size | 35.84 AC |
Multifamily tract located in the Liberty Hill ETJ. Can suffice for 2 phases of multifamily development.
Lot
| Lot Size | 6.84 AC |
| Lot Size | 6.84 AC |
Retail tract located along the frontage of Highway 29, Zoned C-3 zoning in Liberty Hill Texas.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $245,708 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$245,708
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10700 State 29 hwy - Ranch29 Multifamily & Retail Tract
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