29.29 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: 38.37

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. 

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. Property could also be combined with the adjacent 9.08 Acre tract (currently zoned Commercial) to produce a 38.4 Acre MF Parcel.

See downloads for the El Camino Real Master Plan and Plat.

Unit Size Offered Price Unit Price Status
Phase 5 Lot 2 29.29 Acres $3,508,649 Base: $2.75 PSF Available