For sale
$895,000
211 Lower Elgin Rd
Elgin, TX 78621
- 0 beds
- 0 baths
- 8 acres
Listing courtesy of Coldwell Banker Realty · (512) 343-7500 · MLS# 8147258 · Status: Active
About this home
EXCEPTIONAL 8-ACRE UNRESTRICTED DEVELOPMENT OPPORTUNITY along Elgin’s fast-growing FM 1704 growth corridor! Located directly adjacent to the new $108M Legacy Oak Middle School and future Elgin ISD High School campus, this high-yield land assembly features two contiguous 4-acre tracts with strong in-place carrying income. Includes two ~2,000 SF homes generating $4,500/mo ($54,000/yr gross) to offset carrying costs during site planning and entitlement. Home 1 (newer 4BR/2BA) projects $2,300/mo; Home 2 (3BR/2BA + covered storage shed) projects $2,200/mo. Completely UNRESTRICTED in Bastrop County—ideal for residential subdivision (0.25ac / 0.50ac lots trading $50k-$100k+), Build-To-Rent (BTR) duplex community, neighborhood retail center, self-storage, or flex-warehouse. On-site utilities include active water meters, power, and 2 independent septic systems. Sellers offer entire package for $895,000 or land-only baseline for ~$750,000. Rare turn-key holding asset in prime growth path!
Description provided by the listing brokerage.
Facts
- Property type
- Commercial Sale · See Remarks
- Lot size
- 8 acres
- County
- Bastrop
- Neighborhood
- N/A
Features
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Parking
- See Remarks
- Construction
- See Remarks
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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