4081 S Old Bastrop Hwy, San Marcos, TX 78666

STATUS | SIZE | TYPE | PRICE

*Available | 4.6 Acres | Residential Townhomes | $1,400,000 Retail

*Available | 6.5 Acres | Retail / Office / Flex Space | $2,000,000 Retail

*Available | 5.1 Acres | Retail / Office / Flex Space | $1,800,000 Retail

*Available | 21+ Acres | Residential / Multi-Family | $8,000,000 Retail

• Financial analysis completed for the first single-family lot development phase.

• Additional capital investment or loans requires:

  • Selling the first two tracts to a multifamily developer, or

  • Selling single-family “paper lots.”

• Multiple multifamily developers, including groups using government-assisted programs, have been contacted.

• The property has also been marketed to data center developers and commercial brokers.

• Hays County permits 35-foot and 46-foot-wide single-family lots.

• Under Hays County regulations, townhome zoning can be converted to smaller single-family lots without constructing alley roads.

• The City of San Marcos requires alley roads for similar townhome-to-single-family conversions.

• Hays County allows water and sewer infrastructure within the right-of-way (ROW) if permitted and approved.

• Crystal Clear requires water lines to be located outside the ROW.

• A PID through the City of San Marcos generally requires annexation.

• The City of San Marcos is developing a PID policy but has not finalized it.

• MUDs are typically not annexed by the City of San Marcos.

• Several MUDs involved in the City’s wastewater infrastructure agreement have opted out of the ETJ.

• Opting out of the ETJ eliminates the requirement to build or dedicate a planned arterial road.

• Hays County does not include the arterial road on its transportation master plan.

• Mulberry Meadows expects to obtain sewer service via shared sewer line and lift station with a Production Builder (Lennar, DR Horton, etc).

• A 20-inch Energy Transfer Partners gas line is located across from S Old Bastrop Highway.

• An LCRA transmission line runs along the north side of the property.

• The detention pond and inlets serving the back 116-acre parcel have been completed.

• Research indicates that creating a MUD and opting out of the ETJ would benefit the development.

• A decision is requested on proceeding with a petition to exit the City of San Marcos ETJ.

• The next proposed step is the creation of a Municipal Utility District (MUD).

• The existing wastewater agreement with the City of San Marcos must be amended to include the new MUD for Mulberry Meadows.