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240 FM 20 - 14 Acre Multi-Family Development Site 14.25 Acres of Residential Land Offered at $6,975,000 in Bastrop, TX 78602
Investment Highlights
- 2 blocks from Bastrop ISD's newest elementary - Adelton Elementary
- No portion of the Property lies within the FEMA 100-year floodplain
- All utilities available and stubbed to site
- Frontage on FM20, Farn Dr., and Vogel Lane
- Located with the Adelton Master-Planned Community
- Located 6.4 miles from The Boring Co/Space X/ X(formerly known as Twitter) Headquaters
Executive Summary
Taxes & Operating Expenses (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$4,866
|
$341.47
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,866
|
$341.47
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $4,866 |
| Annual Per AC | $341.47 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $4,866 |
| Annual Per AC | $341.47 |
Property Facts
| Price | $6,975,000 | Property Subtype | Residential |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 14.25 AC |
| Property Type | Land | ||
| Zoning | PDA - Planned Development Agreement | ||
| Price | $6,975,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 14.25 AC |
| Zoning | PDA - Planned Development Agreement |
1 Lot Available
Lot
| Price | $6,975,000 | Lot Size | 14.25 AC |
| Price Per AC | $489,473.68 |
| Price | $6,975,000 |
| Price Per AC | $489,473.68 |
| Lot Size | 14.25 AC |
With frontage along three roads, this approx. 14.252 acre tract is an ideal Multi-Family Development Site only minutes to downtown Bastrop and approximately 30 minutes to downtown Austin.
Description
Approx. 14.252 acres located within the Adelton master-planned community in Bastrop, Texas, where there are approvals for over 50 acres of parkland, a robust trail system and 150,000 sf of commercial space within. With frontage along three roads, this approx. 14.252 acre tract is an ideal Multi-Family Development Site only minutes to downtown Bastrop and approximately 30 minutes to downtown Austin. Priced at $22,500 per unit with a minimum of 310 units. Adelton 2024 Tax Rate is $2.55018 per hundred.
Contact the Sale Advisor
240 FM 20 - 14 Acre Multi-Family Development Site