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Investment Highlights

  • Approved for 62 townhomes, build to rent.
  • Adjacent to single-family subdivision
  • Approximately 275 Homes are being built with over 300 homes in an adjoining subdivision
  • Mixed-use zoning allows commercial & residential
  • Site is generally flat & gently sloping for easy development
  • Engineering plans are ready and submitted. Utilities available.

Executive Summary

North BB Creek Townhomes - AW0065 AW0065 - BAKER, WM. J. SUR., ACRES 7.747.
North BB Creek Townhomes. Build-To-Rent. Zone change Approved for 62 Townhomes with 4000 sq ft of commercial. Engineering plans are ready and submitted. 55K for each lot. All utilities are available.
500 Farm to Market 397 presents an opportunity to acquire a planned build-to-rent multifamily development in Taylor, Texas. Known as North BB Creek Townhomes, the project has received zoning approval for 62 townhomes along with approximately 4,000 square feet of commercial space, creating the potential for a mixed-use residential community. Engineering plans have been prepared and submitted, and utilities are reported to be available, providing a foundation for future development.
The site consists of approximately 7.65 acres and benefits from mixed-use zoning that allows both residential and commercial components. The property is generally flat to gently sloping, supporting efficient site planning and development. Its location places it adjacent to existing residential neighborhoods and in proximity to additional housing growth occurring throughout the surrounding area.
Taylor continues to attract attention from developers, employers, and investors due to significant economic activity occurring throughout the region. The property's position near major transportation corridors and expanding residential development supports long-term demand drivers for new housing. The approved townhome configuration offers an opportunity to deliver a purpose-built rental community in a market experiencing continued population and employment growth.
For investors and developers seeking a multifamily project with entitlements already in place, North BB Creek Townhomes offers a pathway toward execution with zoning approvals, submitted engineering plans, utility availability, and a development concept aligned with ongoing growth trends in Taylor and Williamson County.

Attachments

attachment (27)

Property Facts

Sale Type Investment
No. Units 62
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 7.65 AC
Construction Status Proposed
Building Size 100,000 SF
No. Stories 1
Year Built 2027
Zoning Multifamily - Multifamily- Apartments
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
R018638
Land Assessment
$371,421
Improvements Assessment
$0
Total Assessment
$371,421
  • Listing ID: 31182950

  • Date on Market: 3/11/2024

  • Last Updated:

  • Address: 500 Farm to Market 397, Taylor, TX 76574

Contact the Sale Advisor

500 Farm to Market 397

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