190 Acre Mixed-Use Development Site on Hwy 183

Hwy 183 and FM 2001 Lockhart 78644

Hwy 183 and FM 2001, Lockhart, 78644
Hwy 183 and FM 2001, Lockhart, 78644 Hwy 183 and FM 2001, Lockhart, 78644
FOR SALE
Property Type:
Residential Land Development
Amount:
$12,000,000
Cap Rate:
0.00%
Last Verified:
Mar 07, 2025

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This ±191.39-acre tract in North Central Lockhart, TX, offers a prime mixed-use development opportunity with excellent accessibility and frontage. Located directly across from the FM 2001 and Hwy 183 intersection, the property sits just 0.9 miles south of TX130 and Hwy 183 and approximately one mile north of downtown Lockhart. With ±2,397 feet of frontage on Hwy 183 and ±374 feet of frontage on China Dr., the site provides strong visibility and access. Zoning includes Residential High Density, Residential Low Density, and Agricultural along Hwy 183 frontage, while the rear portion of the property remains outside city limits, allowing for flexible development options. Utilities are available through the City of Lockhart, with water and electricity in place. However, wastewater service will require off-site improvements, including a potential lift station. Additionally, the property is designated within a Texas Opportunity Zone, offering potential tax incentives for developers. A portion of the property falls within the FEMA 100-year floodplain (see map for details), but with strong connectivity to Hwy 183 and TX130 via FM 2001, this site remains an exceptional development opportunity in one of the region’s fastest-growing areas.

Additional URLs

Map of Hwy 183 and FM 2001, Lockhart, 78644

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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.