±41 acres just outside San Marcos with 700'+ frontage on Beback Inn Rd, slated for major expansion linking Centerpoint Rd. and TX SH 123. Adjacent to Bluebonnet Electric Co-op substation. Ideal for income-producing ranch operation, warehousing, or light industrial development. Improvements include a farmhouse (remodel opportunity), 1 ADU, cattle pens, barns/outbuildings, and a scenic ±17-acre lake. Flexible use, strong location, and long-term upside — rare find this close to San Marcos.