501 12th St - Apartments FOR SALE


Marble Falls, TX 78654
$3,750,000 USD
830-385-5950
501 12th St, Marble Falls, TX for Sale
$3,750,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

501 12th St
Marble Falls, TX 78654


HIGHLIGHTS

  • Prime Redevelopment Opportunity in the Heart of Marble Falls, Texas

OVERVIEW

Prime Redevelopment Opportunity in Marble Falls, Texas – Owner Financing Available for Qualified Buyers Discover 10.28 acres of prime potential, centrally located just off FM 1431 and US 281 in the heart of Marble Falls, Texas! Zoned C-1 Planned Development District, this property is approved for 180 multifamily units, with the potential to expand to 240+ units (up to 24 units per acre). Its convenient accessibility and visibility make it ideal for a variety of uses, including multifamily housing, mixed-use, or commercial development. Permitted uses include but are not limited to: • Commercial office space • Trade schools • Religious facilities • General retail sales • Restaurants • Primary and secondary education • Multifamily housing (apartments, townhouses, condos) • Mixed-use developments Whether you develop the site or repurpose the existing 60,682 square feet of structures, the opportunities are endless. The current buildings, while in need of updates, present significant potential for revitalization as: • Religious facilities • Daycare centers • Public or private schools • Gymnasiums • And more! Additional lots are available, offering expanded parking or further development potential. This property is ready to bring your vision to life. Whether you’re an investor, developer, or end-user, this is a unique opportunity you don’t want to miss! Owner financing is available for qualified buyers. Contact us today for more information.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

180

PRICE/UNIT

$20,833

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Family Redevelopment Project

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.47 AC

LAND SF

412,549 SF

ZONING

-

APN/PARCEL ID

28822

ASK ABOUT THIS PROPERTY

Rose BrasuelB2H PropertiesMore Info
830-385-5950

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

Rose BrasuelB2H PropertiesMore Info
830-385-5950

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