400 State Park Rd - 400 State Park Road 34.5 Acres of Residential Land in Lockhart, TX 78644

Jones Lang LaSalle (JLL), as the exclusive representative, is pleased to present this two-phase, fully
entitled multifamily development site located within an Opportunity Zone in Lockhart, Texas. The
property spans approximately ±34.51 acres and is strategically positioned to benefit from Lockhart’s
emerging growth trajectory. Lockhart boasts a diversifying economic foundation, a growing population,
favorable market dynamics with the added advantage of the site sitting in an Opportunity Zone. Per the
existing zoning, the site can accommodate 23.5 units per acre. The site is walking distance to Lockhart
High School and downtown Lockhart which is currently experiencing a renaissance in offering food,
beverage, and entertainment venues.
Lockhart is a housing hub for many nearby employers, Tesla, Wal-Mart, the future Samsung campus
and many others along the Toll Road 130 corridor. This City has also demonstrated substantial job
growth, outperforming most benchmarks with a remarkable 28% increase over the past decade. In
the last five years alone, the city added 700 jobs, reflecting a 16% rise since 2017. This growth rate is
second only to the Austin Metro area and four times higher than the national average.
Lockhart’s advantages include easy access to major thoroughfares, proximity to Austin, and an
affordable cost of living. Compared to the Kyle-Buda submarket, equal distance from Austin,
Lockhart offers rental rates that are 52% more affordable. Given the current financing and interest
rate environment, homeownership or purchasing a home is more challenging, leading many to seek
more affordable alternative locations via renting apartments or other affordable housing options.