12.9 Acres in Goodnight Ranch

Old Lockhart Rd. Austin, TX 78747

Old Lockhart Rd., Austin, TX, 78747
Old Lockhart Rd., Austin, TX, 78747
FOR SALE
Property Type:
Other Land
Amount:
$1,875,000
Last Verified:
Jul 09, 2020

Approx. 12.91 gross acres (5.48 net acres) with approx. 914 feet of frontage on Old Lockhart Rd.  All utilities available through the City of Austin (to be delivered by seller). A small portion of the Property is in the FEMA floodplain (see map). Zoned PUD (Planned Unit Development)

 

These commercial sites are within Austin's newest master planned community - Goodnight Austin, where there are approvals for 3,500 residential units and 260,000 sf of commercial space within. South Park Meadows is approximately 1.5 miles away at IH-35 and Slaughter Lane and offers full retail support services. Austin ISD's Blazier Elementary educates approximately 900 students grades K-5 and is within the Goodnight Austin development. The developers of Goodnight Austin have created a Park District, which includes a 3 miles jogging trail throughout the development, and an Education Fund to benefit the residents of theses future apartment projects. Sites 1-3 include off-site detention and water quality plus have the Parkland dedication fee paid. Site 4 will require onsite detention/filtration and a grinder pump for wastewater.  Sites allow for up to 65% impervious cover for commercial uses and 70% for civic uses.


Map of Old Lockhart Rd., Austin, TX, 78747

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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.