763 Upper Elgin River Road

Description

This 18.998-acre tract, strategically located between Elgin and Bastrop, TX, offers an exceptional investment opportunity in a high-growth area just a short drive from Austin. With Bastrop's booming development scene and Elgin's expanding infrastructure, this property is ideally positioned to capitalize on the region's increasing housing demand. Planned for a 27-lot residential subdivision featuring half-acre lots, the property is situated within the ETJ of Elgin, providing the flexibility of being outside city limits while remaining subject to certain city regulations. All the groundwork for a seamless development process has been laid: Water Feasibility Study Completed: A recent report with Aqua Water saves approximately 10 months of feasibility time. The report indicates a need for replacement of approximately 2,230 LF of 2.5-inch pipe with 6-inch pipe along Upper Elgin River Rd. Utilities in Place: An existing Aqua water line, three-phase electric power line, and septic system supplies the property currently. Construction Drawings Done: Ready for civil engineering and the platting process with the county. The property is NOT within FEMA Flood Plain or Houston Toad Conservation Area The land boasts level topography, road frontage for easy access, and proximity to essential amenities, making it a developer's dream. Whether you're looking to cater to the growing demand for rural residential housing or explore alternative uses like storage facilities, this tract is primed for success. Additionally, the property includes a 2,100 sq. ft. home, providing the option to live on-site during development or maintain it as an income-generating rental.