This listing is under contract.

Land for Industrial/Business Park

TX130, FM973 and Elroy Rd Austin, TX 78617

TX130, FM973 and Elroy Rd, Austin, TX, 78617
TX130, FM973 and Elroy Rd, Austin, TX, 78617
UNDER CONTRACT FOR SALE
Property Type:
Commercial Land Development
Amount:
$43,712,460
Cap Rate:
0.00%
Last Verified:
Jun 01, 2023

This approximately 223 acre tract is primed for an Industrial/Business Park Development due to LI and IP zoning being delivered by seller, all utilities available to the property, a great road network, and a MUD in place for most of the property. Located in a Texas Opportunity Zone. Some areas of the Property have topography that is not ideally suited for development. A small portion is in the FEMA 100-year floodplain. Priced at $6.50 psf for 100 acre tract or $4.50 psf for the property in its entirety (223 Ac).

Map of TX130, FM973 and Elroy Rd, Austin, TX, 78617

Presented by:
McAllister & Associates

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Spencer E Collins
Personal: (512) 536-7829


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.