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$ 5,250,000
Est. payment /mo
Active
501 12th Street Marble Falls, TX 78654
22,217 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,217 sqft
Price per Sqft $236
MLS Listing ID HLM176852
Year Built 1984
Lot Size 10.280 Acres
Acres 10.28
Lot Dimensions irregular
Property Sub-Type Commercial
Source highland
Property Description
Prime 10.28-acre infill development opportunity in the heart of Marble Falls. Priced below recent appraised value, this rare tract represents one of the largest remaining redevelopment sites within core of town. Zoned C1-PDD, the property allows a wide range of uses including multifamily housing, retail, restaurants, medical offices, daycare facilities, education facilities, religious assembly, recreation facilities, professional services, and mixed-use development. The PDD includes a previously approved concept plan for approximately 180 multifamily units, and zoning allows up to 24 units per acre, creating strong redevelopment potential subject to city approvals. The property includes two buildings totaling approximately 22,217 SF. The main building offers 18,267 SF with a gymnasium, commercial kitchen, restrooms, and approximately 11 offices and was previously used as a private school campus. A second building contains approximately 3,950 SF. Existing improvements may allow interim occupancy, adaptive reuse, or phased redevelopment while planning a larger project. The site benefits from substantial infrastructure including over 40,000 SF of concrete slabs, 275+ parking spaces, and significant impervious cover. Located approx. 0.5 miles from the Highway 281 and FM 1431 intersection and minutes from H-E-B, Downtown Marble Falls, and Lake Marble Falls. City of Marble Falls utilities. Buyer to verify capacity. Owner financing available for qualified buyers. Recent appraisal available upon request.
Location
State TX
County Burnet
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Hardwood, Laminate Floating
Building
Sewer Public Sewer
Structure Type Other
Others
Virtual Tour https://idx.realtourvision.com/idx/319295
Listed by Coleman Team Realty, LLC
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