12.184 acre tract on Smith Lane in San Marcos, TX, is an infill development site located in the Blanco Gardens neighborhood. As of early 2026, it is being market marketed for residential, multi-family, or build-for-rent development. The tract is strategically located near the downtown district of San Marcos and is one of the hottest areas of the San Marcos Business Corridor. It is now being reviewed by the City for the Blanco Gardens Drainage Improvement Project. Key Details Location: Smith Lane, San Marcos, TX 78666 (Hays County) Size: 12.184 Acres (approx. 530,735 sq ft) Listing Price: Listed at $3,000,000 or can be leased with Option to Buy Zoning: SF-6 (Single-Family) Neighborhood: Blanco Gardens Property Features & Potential Development Potential: Suitable for dense residential, townhomes, or build-for-rent communities, with rezoning potential for higher density. Location Highlights: Situated one block off I-35 with easy access. Utilities: Public water and sewer are available. Site Condition: Cleared and level, described as an "open lot" or pasture. Constraints: The entire property is located within the 100-year floodplain, but is being considered for the Blanco Gardens Drainage Improvement Project. Access: Two access points, including Smith Lane and an alley on the east side. The property is often described as a "Developer's Deal" with significant potential for Value Added project.