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US Hwy 183 - 190 Acre Mixed-Use Development Site 191.39 Acres of Commercial Land Offered at $12,000,000 in Lockhart, TX 78644

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INVESTMENT HIGHLIGHTS

  • Texas Opportunity Zone Listing
  • 374 feet of frontage on China St
  • 1 mile north of downtown Lockhart
  • 2,397 feet of frontage on Hwy 183
  • All utilities available
  • Great access to Hwy 183 and TX130 via FM2001

EXECUTIVE SUMMARY

This ±191.39-acre tract in North Central Lockhart is a fantastic mixed-use development opportunity with excellent visibility and accessibility. Sitting right across from the FM 2001 and Hwy 183 intersection, it's just 0.9 miles south of TX130 and Hwy 183 and about a mile north of downtown Lockhart. With ±2,397 feet of frontage on Hwy 183 and ±374 feet on China Dr., this property offers prime exposure in a high-growth area.
The zoning allows for a mix of Residential High Density, Residential Low Density, and Agricultural along the Hwy 183 frontage, while the back portion of the property lies outside city limits, providing added flexibility for development. Utilities are available through the City of Lockhart, including water and electricity, though wastewater service will require off-site improvements, possibly including a lift station.
One of the key advantages of this site is its Opportunity Zone designation, which could provide tax benefits for developers. While a portion of the property falls within the FEMA 100-year floodplain (see map for details), its strong connectivity to Hwy 183 and TX130 via FM 2001 makes this a prime spot for future development in a rapidly expanding market.

ATTACHMENTS

1502 NColorado

PROPERTY FACTS

Price $12,000,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units - Condo
  • Hotel
  • Office Park
  • Planned Unit Development
  • Single Family Development
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 191.39 AC
Cross Streets FM 2001
Opportunity Zone Yes
Zoning RHD, RLD, and AG - Zoned Residential High Density, Residential Low Density and AG on the frontage of Hwy 183 with the back portion of the Property outside city limits.

1 LOT AVAILABLE

Lot

Price $12,000,000
Price Per AC $62,699.20
Lot Size 191.39 AC

Approx. 191.39 acres located at the intersection of Hwy 183 and FM 2001; just 1 mile north of downtown Lockhart. Approx. 2,397 feet of frontage on Hwy 183 (S Colorado St) and approx. 374 feet of frontage on China St. All utilities available.

DESCRIPTION

This ±191.39-acre tract in North Central Lockhart, TX, offers a prime mixed-use development opportunity with excellent accessibility and frontage. Located directly across from the FM 2001 and Hwy 183 intersection, the property sits just 0.9 miles south of TX130 and Hwy 183 and approximately one mile north of downtown Lockhart. With ±2,397 feet of frontage on Hwy 183 and ±374 feet of frontage on China Dr., the site provides strong visibility and access. Zoning includes Residential High Density, Residential Low Density, and Agricultural along Hwy 183 frontage, while the rear portion of the property remains outside city limits, allowing for flexible development options. Utilities are available through the City of Lockhart, with water and electricity in place. However, wastewater service will require off-site improvements, including a potential lift station. Additionally, the property is designated within an Opportunity Zone, offering potential tax incentives for developers. A portion of the property falls within the FEMA 100-year floodplain (see map for details), but with strong connectivity to Hwy 183 and TX130 via FM 2001, this site remains an exceptional development opportunity in one of the region’s fastest-growing areas.

  • Listing ID: 27993486

  • Date on Market: 3/16/2023

  • Last Updated:

  • Address: US Hwy 183, Lockhart, TX 78644

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