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175 Eastwood Ln - Located within a designated Opportunity Zone 37.83 Acres of Residential Land Offered at $6,200,000 in San Marcos, TX 78666
Investment Highlights
- Location just minutes from Texas State University, a Tier 1 institution with over 40,000 students driving consistent housing demand
- Strong fundamentals for student housing and multifamily development backed by durable, demand-driven market dynamics
- Located along the high-growth corridor between Austin and San Marcos with increasing development activity
- Located within a designated Opportunity Zone, creating potential tax advantages for qualified investors and developers
Executive Summary
175 Eastwood is strategically positioned just minutes from Texas State University, a Tier 1 institution with over 40,000 students enrolled and
continuing to grow year over year. This is one of the largest universities in the state, driving consistent, recession-resistant housing demand in the
San Marcos market. The site’s proximity to campus places it directly within the core of student housing demand, where occupancy, rent growth, and absorption have
historically outperformed surrounding markets. For developers, this translates to a deep, reliable tenant base backed by a large and expanding
student population.
Further strengthening the location, the property sits just minutes from the planned $267M Hill Country Studios development, a major catalyst
expected to bring new jobs, residents, and long-term economic growth to the area. Combined with its position along the Austin to San Marcos growth
corridor and proximity to a planned 2,000-acre industrial park, 175 Eastwood offers a rare opportunity to deliver a high-impact student
housing or multifamily project in a market defined by both student-driven demand and regional expansion.
Well located. Demand-driven. Built for scale.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,200,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 37.83 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | ETJ - Not currently zoned | ||
| Price | $6,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 37.83 AC |
| Opportunity Zone |
Yes |
| Zoning | ETJ - Not currently zoned |
1 Lot Available
Lot
| Price | $6,200,000 | Lot Size | 37.83 AC |
| Price Per AC | $163,891.09 |
| Price | $6,200,000 |
| Price Per AC | $163,891.09 |
| Lot Size | 37.83 AC |
±37.83 acre tract in San Marcos with rolling terrain, partial tree coverage, and access via Eastwood Ln. Utilities nearby (buyer to verify). Located near Texas State University in a high-growth corridor with strong development activity.
Description
Location. Scale. Demand. 175 Eastwood is strategically positioned just minutes from Texas State University, a Tier 1 institution with over 40,000 students enrolled and continuing to grow year over year. As one of the largest universities in Texas, Texas State drives consistent, recession-resistant housing demand throughout the San Marcos market. The site’s proximity to campus places it directly within the core of student housing demand, where occupancy, rent growth, and absorption have historically outperformed surrounding markets. For developers, this creates access to a deep and reliable tenant base backed by a rapidly expanding student population. Further enhancing the opportunity, the property is located within a designated Opportunity Zone, creating potential tax advantages for qualified investors while strengthening the site’s appeal for long-term multifamily, student housing, or mixed-use development strategies. The location is also just minutes from the planned $267M Hill Country Studios development, a major economic catalyst expected to bring new jobs, residents, and long-term growth to the region. Combined with its position along the Austin to San Marcos growth corridor and proximity to a planned 2,000-acre industrial park, 175 Eastwood offers a rare opportunity to deliver a high-impact development project in one of Central Texas’ fastest growing markets. Well located. Demand-driven. Tax-advantaged. Built for scale.
Property Taxes
| Parcel Number | R14235 | Improvements Assessment | $49,000 |
| Land Assessment | $1,430,088 | Total Assessment | $1,479,088 |
Property Taxes
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175 Eastwood Ln - Located within a designated Opportunity Zone
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