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18401 US-290 - Approved 300 Unit Multi-Family Site 10.89 Acres of Commercial Land Offered at $4,800,000 in Elgin, TX 78621
Investment Highlights
- Entitled for up to 300 multi-family units (concept plan at 276 units)
- Seller delivering roads and full utility infrastructure
- Surrounded by major new development, including DR Horton townhomes and Huntington retail sites
- Highway 290 frontage and visibility
- Direct adjacency to new City of Elgin park and hike-and-bike trail system
Executive Summary
Gold Tier Real Estate is proud to present a ±10.89-acre, fully entitled multi-family development site along Highway 290 in Elgin, Texas.
With utilities and road infrastructure being delivered by the seller—and an approved Development Agreement already in place—this tract offers a true turn-key opportunity for a garden-style multi-family developer. The property is zoned for up to 300 units, and a conceptual site plan reflecting 276 units is available for review.
As part of the master development, the seller is constructing a new City of Elgin park and nature-trail hiking center that will sit directly adjacent to the site, providing a high-value amenity for future residents.
Neighboring development continues to enhance the area’s long-term appeal: DR Horton is developing townhomes on the western parcel. Huntington Properties is delivering new, high-traffic retail along the Highway 290 commercial pads.
**Broker does not warrant the accuracy of any information provided. Buyer is to conduct their independent due diligence.**
With utilities and road infrastructure being delivered by the seller—and an approved Development Agreement already in place—this tract offers a true turn-key opportunity for a garden-style multi-family developer. The property is zoned for up to 300 units, and a conceptual site plan reflecting 276 units is available for review.
As part of the master development, the seller is constructing a new City of Elgin park and nature-trail hiking center that will sit directly adjacent to the site, providing a high-value amenity for future residents.
Neighboring development continues to enhance the area’s long-term appeal: DR Horton is developing townhomes on the western parcel. Huntington Properties is delivering new, high-traffic retail along the Highway 290 commercial pads.
**Broker does not warrant the accuracy of any information provided. Buyer is to conduct their independent due diligence.**
Property Facts
| Price | $4,800,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 10.89 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | Multi-Family | ||
| Price | $4,800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 10.89 AC |
| Opportunity Zone |
Yes |
| Zoning | Multi-Family |
1 Lot Available
Lot
| Price | $4,800,000 | Lot Size | 10.89 AC |
| Price Per AC | $440,771.35 |
| Price | $4,800,000 |
| Price Per AC | $440,771.35 |
| Lot Size | 10.89 AC |
1 1
Property Taxes
| Parcel Number | 237082 | Improvements Assessment | $0 |
| Land Assessment | $1,066,327 | Total Assessment | $1,066,327 |
Property Taxes
Parcel Number
237082
Land Assessment
$1,066,327
Improvements Assessment
$0
Total Assessment
$1,066,327
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18401 US-290 - Approved 300 Unit Multi-Family Site
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