The property at 501 12th Street in Marble Falls, Texas, consists of 10.28 acres with two buildings totaling approximately 22,217 square feet. It is zoned C1-PDD and permits various uses including multifamily, retail, restaurant, education, and medical services. Prior approvals include a concept plan for up to 180 multifamily units, with up to 24 units per acre allowed under current zoning guidelines. Site features include significant infrastructure with over 40,000 square feet of concrete slabs and more than 275 parking spaces. The asset is located near the intersection of Highway 281 and FM 1431 and within proximity to H-E-B, downtown Marble Falls, and Lake Marble Falls. Utilities are provided by the City of Marble Falls.