www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29804644
29804643

Payne Lane, Lockhart, TX 78644 For Sale

MG
TX 486448, TX TX 0486448
Evolve Real Estate
Listed by Evolve Real Estate
$3,669,000
502 days on market
Updated 2 days ago

62.98 Acres FM 2720

Details
Property Type Land, Special Purpose
Sub Type Commercial
Acreage 62.980
Ground Lease No

Land | 62.98 acres

Marketing description

Exceptional opportunity to acquire approximately 62.98 acres in one of Central Texas’ fastest-growing development corridors. Located at the northwest corner of FM 2720 and Payne Lane, just minutes from SH-130, the property sits directly in the path of Lockhart’s westward expansion and is well-positioned for residential, industrial, mixed-use, or long-term investment.

The site offers excellent regional connectivity with convenient access to Austin, San Marcos, Kyle, Buda, Tesla, Austin-Bergstrom International Airport, and the rapidly expanding SH-130 corridor.

Investment Highlights

• ±62.98 contiguous acres with significant frontage along FM 2720

• Minutes from SH-130, US-183, and Downtown Lockhart

• Located in one of the fastest-growing submarkets south of Austin

• Adjacent to expanding residential and commercial development

• Strong long-term appreciation potential

• Ideal for residential development, industrial, business park, mixed-use, or land banking

• Easy access to Austin, Tesla, Samsung, San Marcos, Kyle, Buda, and Austin-Bergstrom International Airport

• Located within a pro-growth municipality known for streamlined development processes

Why Lockhart?

Lockhart continues to attract significant public and private investment as growth expands south from Austin. The city’s business-friendly environment, expanding infrastructure, and strategic location along SH-130 have made it an increasingly attractive destination for residential builders, industrial users, and commercial developers.

The property is located near major planned residential growth and benefits from continued investment throughout the west side of Lockhart. The combination of location, accessibility, and future growth creates an outstanding opportunity for developers and investors seeking a large-scale land position in Central Texas.

Whether your strategy is immediate development or long-term appreciation, this property offers exceptional upside in one of Texas’ most active emerging markets.

Investment highlights

  • Just north of the 75-acre Industrial Park under construction at FM 2720 & Highway 130
  • 4 miles to Downtown Lockhart
  • Caldwell County
  • Lockhart ISD
  • Commuter Friendly, easy access to US-183 & SH-130
  • Minutes to shopping, dining and entertainment in downtown Lockhart
  • Close proximity to sports and outdoor recreation at Maple Street Park, Lockhart Soccer Complex and Lockhart State Park / Lockhart State Park Golf Course

Listing Contacts

MG
TX 486448, TX TX 0486448
Evolve Real Estate
Listed by Evolve Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
MICHAEL GONZALEZ
License
486448
Brokerage
Evolve Real Estate
Brokerage Phone
281-772-4482
Title
Broker Owner
Brokerage Address
18732 Centro Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591