1092 FM 3000 - Residential Income FOR SALE


Elgin, TX 78621
$1,300,000 USD
210-843-4701
1092 FM 3000, Elgin, TX for Sale
$1,300,000 USD
Residential Income - FOR SALE
1/167
null | Request Cap Rate

1092 FM 3000
Elgin, TX 78621


HIGHLIGHTS

  • Positioned outside city limits with no municipal zoning regulations, allowing for maximum operational flexibility and streamlined permitting.
  • Offered at an aggressive $1,300,000 (~$224/SF), presenting a high-equity infrastructure play for Austin-corridor investors.
  • 10 level acres of usable pasture can be configured in a variety of ways to easily accommodate high-capacity venue parking (100+ vehicles).
  • Features a 5,816 SF primary estate with a walk-out lower-level event space and a fully equipped commercial catering kitchen.
  • Clean slate with no legacy business liabilities, staff overhead, or inherited event booking commitments.

OVERVIEW

Unlock a premier hospitality and commercial event opportunity in the rapidly expanding Austin metropolitan area. Situated on 10 acres of scenic, manicured Texas countryside, 1092 FM 3000 is an incredibly versatile commercial asset designed to capture the booming Central Texas destination wedding, corporate retreat, and wellness tourism markets.Offered strictly as a real estate asset for $1,300,000, this property provides a clean slate completely clear of ongoing business operations, legacy liabilities, or future event booking commitments. For a commercial hospitality operator, this represents an unmatched value-add opportunity to launch a signature brand. At just under $224 per square foot—including 10 acres of land and extensive equestrian infrastructure—the property sits well below current replacement and construction costs in the Austin market. The heart of the estate is an expansive 5,816 SF luxury residence engineered for high-capacity hosting. The walk-out lower level serves as a seamless indoor/outdoor event space, supported by a fully equipped commercial kitchen capable of catering large parties and private dining events. The property boasts premium overnight lodging capabilities across multiple private guest suites, supplemented by a detached garage apartment—ideal for a bridal suite, VIP lodging, or an on-site property manager.Beyond the main estate, the 10-acre parcel features professional equestrian infrastructure, including a barn, horse stables, and a covered round pen. This infrastructure offers a built-in rustic aesthetic for weddings or can be leveraged for lucrative equine-therapy retreats. Situated entirely within the open county and free from municipal city limits or extraterritorial jurisdiction (ETJ) restrictions, this property offers ultimate flexibility for commercial development. Buyers will benefit from highly favorable, streamlined county permitting processes, fewer development restrictions, and significantly lower property tax rates than neighboring incorporated areas.The 10 level acres of usable pasture land feature no established parking footprint. This allows an owner-operator to strategically configure guest parking in a variety of ways—whether creating a hidden gravel lot, utilizing manicured grass overflow parking for a rustic aesthetic, or constructing a formal paved lot close to the main event structure. There is ample acreage to easily accommodate 100+ vehicles without impacting scenic ceremony backdrops. Unlike standard residential properties, this estate is built for commercial sustainability. It features a high-capacity private well and advanced commercial rainwater collection systems, drastically lowering utility overhead and ensuring operational self-sufficiency during high-volume events.Located just 2.5 miles from historic downtown Elgin and under 40 minutes from downtown Austin, Tesla Giga Texas, and Austin-Bergstrom International Airport (AUS). This location offers clients the perfect blend of remote, private tranquility and effortless metropolitan accessibility.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey 10-Acre Hospitality Estate nearAustin

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

None

APN/PARCEL ID

8719411

ASK ABOUT THIS PROPERTY

Drew RoickieXp RealtyMore Info
210-843-4701

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Drew RoickieXp RealtyMore Info
210-843-4701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.