56 Acres - Wolf Lane: Description and Benefits
Property Overview:
This is a unique opportunity to acquire a 56-acre parcel located within a designated Opportunity Zone, offering significant tax incentives to investors. Situated in a rapidly growing area, the land presents endless possibilities for development or long-term investment. The property features expansive open terrain and is strategically positioned in a rapidly developing area, making it a valuable asset for buyers looking to capitalize on future growth in the region.
Key Details:
Size: 56 acres
Location: Wolf Ln, located off Texas State Hwy 71 (9 miles East of Bergstrom International Airport.
In Garfield, Texas next to Del Valle, Texas - between Austin Downtown and Bastrop Downton, miles from each.
- Zoning: No zoning
- Utilities: No water or sewer service is available
- Floodplain Status: The property is located within a designated floodplain. Buyers must perform due diligence regarding floodplain management and potential mitigation measures.
Benefits of Buying:
Opportunity Zone Designation:
Investors can take advantage of federal tax benefits, including deferral of capital gains taxes and potential reductions depending on the holding period. This makes it an ideal acquisition for long-term projects or investments.
Development Potential:
Despite being in the floodplain, the property offers significant potential for agricultural use, recreational developments, or innovative building solutions that accommodate the flood zone requirements.
Prime Location:
This parcel is positioned in a high-growth area and offers future appreciation potential as nearby development progresses.
Affordable Entry Point:
Given the current lack of utility connections, this property is priced competitively, providing an opportunity for investors or developers willing to invest in infrastructure.
Income Potential:
We have interested parties interested in securing a long-term lease for the property that should deliver a 10% + cap rate on this property. An ideal situation to gain a return on investment while gaining appreciation in anticipation of future development
Investment Highlights:
- Secure a large landholding in an appreciating market.
- Maximize return on investment with Opportunity Zone tax benefits.
- Explore innovative development options to turn challenges into opportunities.
Additional Information:
Buyers are advised to perform their own feasibility studies and assessments for utility connections, floodplain development, and zoning requirements to determine the best use for the property.
Investment highlights for the 59-acre property:
- Opportunity Zone Tax Incentives
- The property’s location in a federally designated Opportunity Zone allows investors to take advantage of significant tax benefits, including deferred or reduced capital gains taxes and potential tax-free gains on new investments after a designated holding period.
- Affordable Entry Point
With no utility hookups and a floodplain designation, this property offers a competitive price, providing a cost-effective opportunity for investors willing to implement infrastructure and innovative solutions.
High-Growth Potential
- Situated in a rapidly developing area, this parcel is positioned to appreciate in value as nearby communities expand and infrastructure projects enhance the surrounding region.
- Versatile Development Options
- The land is well-suited for various uses, including agricultural ventures, recreational projects, conservation opportunities, or innovative floodplain-compatible developments.
- Large-Scale Land Investment
At 56 acres, this property offers significant acreage in a market where large parcels are becoming increasingly scarce, providing both immediate and long-term value for investors seeking substantial land holdings.
