This listing is under contract.

Land for Industrial/Business Park

TX130, FM973 and Elroy Rd Austin, TX 78617

TX130, FM973 and Elroy Rd, Austin, TX, 78617
TX130, FM973 and Elroy Rd, Austin, TX, 78617
Property Type:
Commercial Land Development
Cap Rate:
Last Verified:
Jun 01, 2023

This approximately 223 acre tract is primed for an Industrial/Business Park Development due to LI and IP zoning being delivered by seller, all utilities available to the property, a great road network, and a MUD in place for most of the property. Located in a Texas Opportunity Zone. Some areas of the Property have topography that is not ideally suited for development. A small portion is in the FEMA 100-year floodplain. Priced at $6.50 psf for 100 acre tract or $4.50 psf for the property in its entirety (223 Ac).

Map of TX130, FM973 and Elroy Rd, Austin, TX, 78617

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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.