$12,000,000
$2M PRICE DROP

TBD N Hwy 183 Hwy Lockhart, TX 78640

Estimated payment $78,274/month

Total Views 28,128
191 Acres
$62,699 Price per Acre
8,336,948 Sq Ft Lot

About This Lot

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.

Listing Agent

Spence Collins

McAllister & Associates Brokerage Phone: (512) 472-2100 License #0345335 Listed on: 03/21/2023

Property Details

Property Type

  • Land

Lot Details

  • 191.39 Acre Lot
  • 18458

Schools

  • Bluebonnet Elementary School
  • Lockhart Middle School
  • Lockhart High School

Community Details

  • North Lockhart Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18597

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Multiple Lots (Adjacent)
  • Additional Parcels Description: 18458
  • Additional Parcels: Yes
  • Directions: located at the intersection of Hwy 183 and FM 2001 (Silent Valley Rd); just 1 mile north of downtown Lockhart.
  • Disclosures: Seller Provided Survey Available
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 472-2100
  • ETJ Extra Territorial Jurdn: See Remarks
  • Estimated Taxes: 1042.44
  • FEMA Flood Plain: Partial
  • Restrictions: Zoning,See Remarks
  • Tax Exemptions: See Remarks
  • Mineral: None
  • Special Features: None

Interior Features

  • View: See Remarks

Exterior Features

  • Water Body Name: Pedernales River
  • Waterfront Features: See Remarks
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Association/Amenities

  • Community Features: None

Schools

  • Elementary School: Bluebonnet (Lockhart ISD)
  • High School: Lockhart
  • Middle/Junior School: Lockhart
  • Junior High Dist: Lockhart ISD

Lot Info

  • Lot Features: See Remarks
  • Zoning: Zoned Residential High D
  • Parcel Number: 18597
  • Lot Size Acres: 191.39
  • Lot Size Sq Ft: 8336948.4
  • Subdivision Name: North Lockhart

Building Info

  • New Construction: No

Tax Info

  • Tax Year: 2022
  • Tax Rate: 2.29820000000000

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 For Sale $12,000,000 0.0% --
10/04/2023 10/04/23 Price Changed $12,000,000 -14.3% --
03/29/2023 03/29/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $14,000,000 -- --
Source: Unlock MLS (Austin Board of REALTORS®)

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 7267401

Unlock MLS (Austin Board of REALTORS®)