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508 Innovation Way - Elgin Business Park 3.66 - 17.95 Acre Industrial Land Lots Offered at $1,280,664 in Elgin, TX 78621

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INVESTMENT HIGHLIGHTS

  • Expedited 90 Day Permitting
  • Triple Freeport Zone and an Opportunity Zone
  • Centrally located between Samsung, Tesla and Austin
  • Development support provided by Elgin EDC for Employment Centers
  • All utilities including city wastewater to each site

EXECUTIVE SUMMARY

Elgin Business Park, developed by the Elgin Economic Development Corporation (EDC), is designed to fuel job creation and economic growth in this rapidly expanding city. Each lot boasts prime street frontage and comes fully equipped with essential utilities, including city water and wastewater. Positioned strategically between Tesla, Samsung, and Austin, this site offers unparalleled connectivity and tax incentives. The Elgin EDC is committed to supporting businesses aligned with the city's growth vision, offering expedited permitting to streamline your project. With shovel-ready lots, Elgin Business Park is the perfect foundation for your company’s future success.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,280,664
Sale Type Investment
No. Lots 4
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Office
  • Hospitality
  • Auto Dealership
  • Distribution
  • Office Park
  • Research and Development
  • Retail Warehouse
  • Storefront, Retail or Office
Total Lot Size 33.15 AC
Opportunity Zone Yes
Zoning Employment Center - Property is developed and owned by the Elgin EDC. Use restricted but not limited to Employment Center.

4 LOTS AVAILABLE

Lot 8

Lot Size 17.95 AC

Shovel ready. Lot 8 will back up to a future big box retail site. Innovation Way will continue through to this retail site giving easy access to 290 in either direction. Lot 10 and 8 can be combined. Priced at $5/SF with all utilities to site.

Lot 10

Lot Size 5.66 AC

Shovel ready. Perfect for an industrial end user. Three phase power and wastewater in place. Corner lot with great visibility and access. Innovation Way will continue through to 290 for easy ingress and egress. Priced at $5/SF.

Lot 11

Lot Size 3.66 AC

Shovel ready. Perfect for a industrial end user that qualifies as employment center. Three phase power and wastewater in place. Innovation Way will continue through to 290 for easy ingress and egress. Priced at $5/SF.

Lot 12

Price $1,280,664
Price Per AC $217,800.00
Lot Size 5.88 AC

Shovel ready. Perfect for a industrial end user that qualifies as employment center. Three phase power and wastewater in place. Innovation Way will continue through to 290 for easy ingress and egress. Priced at $5/SF.

DESCRIPTION

The Elgin EDC is proud to present this business park with all utilities provided. Shovel ready sites.

  • Listing ID: 34329222

  • Date on Market: 12/31/2024

  • Last Updated:

  • Address: 508 Innovation Way, Elgin, TX 78621

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