The Land Development Division of Coldwell Banker Commercial Southwest Partners and Heritage Texas Country Properties are proud to represent this 24.572 acre tract on State Highway 237 just 0.7 miles north of downtown Round Top. This opportunity is competitively priced at $475,000 ($0.44 per SF or $19,190 per acre).
With property lines defined by a beautiful tree line, a live creek and a 410’ peak elevation close to the highway. This property affords you the flexibility of commercial, professional, retail, residential and/or mixed use alternatives.
Property benefits from extensive highway frontage and immediate proximity to the globally recognized International Festival Institute, acclaimed Round Top Carmine Elementary School, and nationally acclaimed semi-annual Round Top Antique Festival.
HIGHLIGHTS
(1) Pricing, superior property location and a dynamic community support a broad ran...
(1) Pricing, superior property location and a dynamic community support a broad range of mixed use site plan alternatives.
(2) Outstanding location as property is across from Round Top Carmine Elementary School and the International Festival Institute and 7/10th of a mile from downtown Round Top.
(3) Great entrepreneurial opportunities. At a 5-mile radius, top 3 retail opportunities average $2,200,000 per year in potential revenues, top 5 average $1,800,000 and top 10 average $1,100,000.
(4)The 2008 Round Top Chamber of Commerce (“CC”) calendar lists 280 distinct events include international antique shows, wine tastings and Shakespeare festivals. The International Festival Institute events include concerts, global competition, art festivals, book signings and the annual Jaguar Invasion (cars and not cats).
(5) Conceptual site plan includes 30,000 SF retail professional space, 45,000 SF apartments/condos, motel with 40,000 SF and 14 patio homes respectfully located to allow 47% reserve/common areas.
(6) Acclaimed school district. Consistently ranked “EXEMPLARY” from 1999 – 2007. Elementary campus rated “EXEMPLARY" and secondary school ranked “RECOGNIZED" for the 2008-2009 school year. With the state recognition and a faculty/staff to student ratio of about 1 to 5 (43 faculty/staff and 210 students), can provide your children with an educational experience similar to private schools.
(7) With 3 CC member organizations for each Round Top resident, 33 B&Bs and 7 restaurants, the community is very vibrant and benefits from tremendous influxes of local, regional and global visitors, weekend and part-time residents.
(8) Located in very affluent Fayette County that exceeds all adjacent Counties in many key demographic, econometric and wealth indicators. Highest % annual growth in: average household income, effective buying income and in households with incomes of at least $150K.
(9) Fayette County benefits from a $585,000,000+ estimated 2008 economy growing at a 5.2% annual rate projected to exceed $750,000,000 in 2013.
(10) Extraordinary regional proximity: 21 miles from Brenham, 32 miles from Chappell Hill, 49 miles from Bastrop, 59 miles from College Station, 78 miles from northwest Houston, 81 miles from Austin and Katy, 82 miles from Round Rock, 88 miles from Conroe, 91 miles from San Marcos, 98 miles from Sugar Land, 115 miles from Pearland and 118 miles from San Antonio.
CONTACT INFORMATION
Call 979.421.9996 or email to set up an appointment, request information or ask questions.
LINKS
Dedicated website available at LoopNet listing # 15874761.
Local MLS and consumer listing at TXLS listing # 49213.
GRAPHIC ANALYSIS
All pictures and extensive graphic analysis PDF sets available in this listing in ADDITIONAL FILES section below.
PROPERTY
Approximately 380’ of highway frontage with a tree lined north and east boundary line. Live creek traverses the north line. Elevations ranging from a 410’ peak close to the highway to 360’ at the northeast property edge. The property can support a broad array of site plan alternatives.
Commercial, professional, retail, residential and/or mixed use site plans can easily be accommodated by the property. We believe this property offers a unique opportunity for an insightful investor looking for an immediate ranch/weekend retreat to acquire the property for a private residential estate today with a realistic exit strategy focused on commercial development.
Conceptual site plan includes: 30,000 SF retail professional space with 20 units averaging 1,000 SF and 2 mini-anchors at 5,000 SF each; 45,000 SF apartments with 30 units averaging 1,500 SF; Motel with 40,000 SF and 32 units; and, 7 patio homes with two units per buildings with 14 units averaging 2,500 SF. Plan includes 47% reserve/common area factor.
LOCATION
Located 0.7 miles north of downtown Round Top on State Highway 237.
Property is across from the acclaimed Round Top Carmine Elementary School and the main entrance to the International Festival Institute.
Adjacent property owned by the James Dick Foundation, the owner of the International Festival Institute.
It is less than 8 miles from US Highway 290 the “Austin-Houston Highway”.
Property benefits from great proximity to Austin, College Station and Houston. 49 miles from Bastrop, 59 miles from College Station, 73 miles from Bergstrom Airport and 78 miles from northwest Houston.
TAXES
Estimated 2008 taxes of $7,831.85 based on 2006 paid taxes increased by 10% compounded per year. Consult your tax advisor regarding your expected taxes.
DISCLOSURES & COPYRIGHTS
CBC is a wholly owned franchise of Alexander Tiffany Southwest, LLC. Analysis is preliminary, based on proprietary systems and models, is time sensitive and based on assumptions-stated and unstated. Graphics are only renderings. Measurements are only estimates. No warranties are expressed or implied. All content is protected by copyright laws, is only for prospects or legal representatives, and should not replace buyers own due diligence and analysis. Any other use is prohibited.
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