0000 FM 621

Property description

Owner Financing Available*** 73.15 acres with frontage along FM 621, a major corridor connecting the property directly to San Marcos, located just 15 minutes away. Situated just outside of Staples, Texas, the property offers a strategic location along a well-traveled route with convenient access to one of the fastest-growing areas of Central Texas. The property is currently leased for agricultural use with sorghum farming in place, generating approximately $26 per acre annually. An agricultural exemption keeps carrying costs low, with the current estimated property tax bill at approximately $226 per year. Strong utility infrastructure is already in place along the FM 621 frontage. Crystal Clear SUD has both a 12-inch water line and an additional 4-inch water line at the road, with the 12-inch line located on the same side of FM 621 as the property. Electric service is also available along the road frontage. The entire 73.15 acres is outside of the FEMA floodplain, leaving the full acreage free from floodplain constraints. With frontage along a major corridor, existing water and electric infrastructure, no floodplain, and close proximity to San Marcos, the property has several key components in place for future development. In the meantime, existing agricultural income exceeds the current property tax expense, providing investors the opportunity to hold 73.15 acres with minimal carrying costs while the San Marcos area continues to grow.