21.57 Acres - Entitled MF-18 Lot

Highlights

  • Fully zoned, entitled multifamily
  • Up to 18 units per acre
  • On SH 123 & FM 110 Loop
  • Straight, 10 min. drive to Texas State
  • 1/2 Mile to San Marcos High School
  • 1 Mile to Amazon Fulfillment
  • 1.5 miles to CTMC

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  • Seller: Rio Marc Development, Ltd.
  • Location: State Highway 123 and Clovis Barker Rd.
    San Marcos, TX 78666
  • Zoning: MF18 - 18 units per Acre
  • Utilities: All City Utilities On-Site / Avail
  • Seller Financing: No
  • Maximum Contiguous SF: 38.34

Zoned and entitled, this MF-18 tract is located in a fast growing sector of San Marcos and ready for development with grandfathered impact fees, water lines on both sides of SH 123, and sewer just across SH 123. Lot is platted as a 29.26 acre tract but priced based on 21.57 outside of flood zone AE. All 29.26 acres convey and count toward density/ impervious cover calculations; can be used for parking and outdoor amenties.

Optimal multifamily location: Near several public schools (San Marcos High School, Goodnight Middle School, two elementary schools and ACC satellite campus), high concentration of employment within a mile (Amazon Fulfillment Center, Urban Mining Company, Central Texas Medical Center) and close access to several retailers.

The property is bordered on one side by State Highway 123 (at its intersection with Clovis Barker Rd.) and on the other by Old Bastrop Hwy (CR 266). SH 123 is also known as Guadalupe St. and runs directly into downtown San Marcos and the Texas State University campus (10 minute drive). It is also abutting the new FM 110 Loop.

The property is part of the El Camino Real subdivision and adjoins City parkland. 

See downloads for the El Camino Real Master Plan, Plat and survey identifying property outside of Zone AE.

Unit Size Offered Price Unit Price Status
Phase 5 Lot 2 21.57 Acres $3,495,272 Base: $3.72 PSF Available