3835 FM 1978

Property description

This is a rare opportunity to acquire development ready 417.89 acres of land in Guadalupe County, Texas. The property is located off FM 1978 just south of San Marcos High School off Hwy. 123 in San Marcos, Texas. The property is ideally positioned within a major growth corridor between Austin and San Antonio, offering outstanding flexibility for commercial, industrial, residential or mixed-use development. The property is fully entitled for 1,869 single family lots, having both water service agreements and wastewater agreements in place with the appropriate service providers. There is a Municipal Utility District that is in place providing reimbursement of the development costs. The MUD has been fully formed and has a tax rate in place. Construction plans have been completed by Pape Dawson Engineering making it shovel ready for development. The property offers a purchaser the opportunity to accelerate the development process by multiple years and at a fraction of the cost, because of the groundwork that has been performed by the current owners. This large property offers mostly flat canvas and multiple points of ingress and egress to FM 1978. The property is currently under an agriculture exemption for property taxes and once developed offers close access to schools, shopping, colleges and hospitals.