200 Hillvue Rd - Entitled 73 Unit Build-to-Rent Site 10 Acres of Residential Land Offered at $2,690,000 in Georgetown, TX 78626
INVESTMENT HIGHLIGHTS
- The Site is approximately half a mile south of the Southeast Inner Loop which connects Interstate 35 to State Highway 130.
- The lot types are the following: 8 Single-Family Attached lots (16 units), 5 Two-Family lots (15 units), and 42 Townhome lots (42 units).
- According to CoStar, similar Build-to-Rent communities in Georgetown are achieving effective rents of $2,400 per month for 1,500 SF units.
- The Site currently has Special Use Zoning in place with an approved Preliminary Plat for 73 units with varying lot types.
- The zoning is conducive to “for-rent” or “for-sale” product.
EXECUTIVE SUMMARY
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer builders and developers the opportunity to purchase an entitled 10+/- acre residential development site in Georgetown, TX. The Site currently has Special Use zoning in place with an approved Preliminary Plat for 73 units with the following lot types: 8 Single-Family Attached lots (16 units), 5 Two-Family lots (15 units), and 42 Townhome lots (42 units). The zoning is conducive to “for-rent” or “for-sale” product. The Site is off of FM 1460 and accessibility will greatly improve with the future expansion of Ridge Line Boulevard along the southern boundary of the Site. This offering represents a great opportunity to acquire a site with high density residential entitlements in the rapidly growing Georgetown market.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,690,000 |
| Price Per AC | $269,000.00 |
| Lot Size | 10.00 AC |
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CONTACTS
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Jordan Cortez -
Haley Birmingham -
Will Droese -
Mason John -
Reid Pierce -
Alex Johnson -
Justin Tidwell -
Vanguard Real Estate Advisors
