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8250 W 29 Hwy
Georgetown, TX 78628
12 Oaks Village · Land For Sale
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5.45 AC
Investment Highlights
- Liberty Hill ETJ
- Class A product built throughout
- Water at Kauffman Loop
- Existing Development Agreement with the City of Liberty Hill allows for high-density commercial/residential development
- 2-mile public Veloway wrapping around Kauffman Loop from the north to the southeastern corner for restaurants
- Wastewater either at the lift station or 1/3 of the way up from SH 29
Executive Summary
It's easy to see the value of this site. We are the only one of the 4 sites that have 2600 feet of frontage on SH29!~!!! Our belief is that this location is perfect for a retail/entertainment/dining spot that people want to stay and enjoy for an afternoon, an evening, or even an overnight staycation. With 3 big-box players on the other corners, "something different" is in the works! Be it a specialty grocer surrounded by an eclectic foodies' dream, a mixed-media entertainment complex, or a multi-disciplined health and wellness complex, this site will leverage the traffic drawn to the big-box centers for those seeking a retail/dining or entertainment experience.
This remaining tract, about 41acres including the community detention pond, is targeted by JW Development, as an outright sell or a Joint Venture model with an experienced retail developer with a planned take-out once stabilization occurs. The attached concept plan is not set in stone as this would be led by new owner. Ingress/egress points are fixed! Local developers will be familiar with the Rivery in Georgetown along I-35 just north of SH 29 and can see how they transformed Georgetown!
Rooftops alone aren't enough. DEMOGRAPHICS here will delight any developer.
For retailers, the site offers 35 acres with 7 outparcels, 4 restaurant pads, a hotel site, and various retail options. With 2 miles of planned trails and parks, community-building potential is high.
Developers seek single-tenant net-lease and in-line retail for an 8-acre town center. We're also looking to JV this 35 acres with a known mixed-use developer.
Here are the 4-corners:
• NW Corner - Walmart Under contract
• SW Corner - Lowe’s Under Construction
• SE Corner - HEB Grocery Opened in 2022. Texas’s largest grocer at 430+ units
• NE Corner - 12 Oaks Mixed Use Development
Property Facts
1 Lot Available
Lot
| Lot Size | 5.45 AC |
| Lot Size | 5.45 AC |
12 Oaks is a 92-acre site at the NE Corner of one of the hottest intersections in the Austin MSA. State Highway 29 and Ronald Reagan Blvd. is this intersection with an ever-increasing traffic count of nearly 40,000 VPD.
Description
12 Oaks is a 92-acre site at the NE corner of one of the hottest intersections in the Austin MSA. State Highway 29 and Ronald Reagan Blvd. intersect, with an ever-increasing traffic count of nearly 40,000 VPD. SH 29 is the primary roadway from Georgetown through Leander, Liberty Hill, to Burnett TX. Plans to widen SH 29 are underway, with east/west frontage and a four-lane throughway. We have 2600 ft. of SH 29 frontage. Hard Corner at Kauffman Loop and SH 29, with a proposed signal at the main entrance to the site. ENTITLEMENTS: A development agreement in place with the City of Liberty Hill. NO ZONING on site, but the developer controls what is built with an ACC is in place. MUD reimbursements are eligible for remaining public infrastructure development. LUE (Utility) fees are grandfathered in this Development Agreement representing a total of over $3.5M in LUE savings! AMENITIES: A proposed veloway, (9 ft. wide walk/ride path circles the entire village. Plans are to connect to Santa Rita to enhance a broader walking district and leverage 20 miles of trails. 1 acre community park between the MF and BTR sites. 1/3 acre park area planned by community detention pond which is to be landscaped as an amenity. Town Centre to have community areas which will be adult and child focused activities Proposed restaurant sites against the pond to create outdoor atmosphere UTILITIES: All utilities capacity and LUEs have been arranged through a Development Agreement with the city of Liberty Hill. Shared Community detention pond, 5.65 acres providing more net buildable acres overall to the site. Permitted, Built & Operating: A class A MF and a BTR site are leasing up taking 32 acres. A childcare franchise is in place along Kauffman Loop Phase 2 of MF might be available to be integrated into this master plan 30,000 of office and retail at hard corner is in lease-up mode-almost full. 8.5 acre site is shovel ready Neighboring Developments: (Residential) within 1 mile Morningside, 1400 homes Omega Ranch, 700 homes Rancho Sienna 2400 homes Santa Rita 6000 homes, nations 15th best selling MPC Cimarron Hills Golf Course community Bar W 1500 homes
Property Taxes
| Parcel Number | R654365 | Improvements Assessment | $0 |
| Land Assessment | $477,772 | Total Assessment | $477,772 |
Property Taxes
