This 98-acre multi-use property located on State Park Road near Lockhart offers a rare opportunity to acquire a fully improved event, entertainment, and agricultural asset within approximately 30 minutes of Austin. Positioned in the path of growth, the property combines income-producing potential with long-term land investment value. The centerpiece of the property is a covered pavilion measuring approximately 257’ x 237’, originally constructed for bull riding and rodeo events, providing substantial capacity for large-scale gatherings, competitions, or commercial event use. Attached is a 100’ x 100’ insulated building with plumbing in place, suitable for concessions, office space, storage, or conversion to enclosed event or hospitality use. Improvements include two residential homes, a 40’ x 50’ storage building, multiple barns, five electric meters, one water meter, and three septic systems, allowing for flexible operations and potential multi-tenant or multi-use configurations. The property is fully fenced and cross fenced with established pasture for livestock, stock tanks, wooded areas, ATV trails, and hunting potential. A secondary access point from a separate road provides efficient ingress and egress for event traffic, trailers, and equipment, and allows for separation between commercial operations and private residential use. This property is well-suited for a variety of uses including an event venue, rodeo arena, wedding or concert venue, corporate retreat, equestrian facility, livestock operation, or private ranch. With significant existing infrastructure and a strategic location near Lockhart and the greater Austin market, this offering presents a unique opportunity for investors, operators, or end users seeking a versatile, income-capable asset.