14.9 Acre BTR Development Site in Goodnight Ranch
Old Lockhart and Vertex Blvd
Austin, TX 78747
FOR SALE
Property Type:
Multifamily LandAmount:
$7,000,000
Cap Rate:
0.00%Last Verified:
Jan 31, 2025Daily Email Blast
3 times
Daily Blasts Dates
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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.