14.9 Acre BTR Development Site in Goodnight Ranch

Old Lockhart and Vertex Blvd Austin, TX 78747

Old Lockhart and Vertex Blvd, Austin, TX, 78747
Old Lockhart and Vertex Blvd, Austin, TX, 78747 Old Lockhart and Vertex Blvd, Austin, TX, 78747
FOR SALE
Property Type:
Multifamily Land
Amount:
$7,000,000
Cap Rate:
0.00%
Last Verified:
Jan 31, 2025

Daily Email Blast
3 times

Daily Blasts Dates

Feb 20, 2025 19:13:11

Feb 11, 2025 20:16:10

Jan 31, 2025 19:46:29



This approximately 12.91 acre is an ideal Build-To-Rent Tract at the entrance of Goodnight Ranch. Zoned Planned Unit Development (PUD) with no portion of the Property lies within the 100-year FEMA floodplain. Seller will deliver a final platted lot with utilities stubbed to the site and off-site detention. Priced at $35,000 per unit with a maximum of 200 and minimum of 190 units. Located at the southern entrance to Goodnight Ranch, winner of the 2023 master-planned community of the year award by the Austin Business Journal, where there are approvals for + 6,300 residential units and + 700,000 sf of commercial space. South Park Meadows is approximately 1.75 miles away at IH-35 and Slaughter Lane and offers full retail support services. The developers of Goodnight Austin have created a Park District, which includes a 3 mile jogging trail throughout the development and an Education Fund to benefit the residents.

Map of Old Lockhart and Vertex Blvd, Austin, TX, 78747

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.
BESbswy