US-290 Hwy - Specialty FOR SALE


Elgin, TX 78621
$1,568,160 USD
210-343-7831
US-290 Hwy, Elgin, TX for Sale
$1,568,160 USD
Specialty - FOR SALE
1/8
null | Request Cap Rate

US-290 Hwy
Elgin, TX 78621


HIGHLIGHTS

  • Flexible Development Scale : Buyers can select between 2 or 4 acres, allowing for tailored hotel projects that match investment goals.
  • Multiple Franchise Opportunities : Access to multiple established hotel franchises enables strategic branding choices.
  • Strategic Proximity to Major Employers: Located approximately 30 minutes from Tesla’s Gigafactory Texas.
  • High-Growth Residential Trade Area : Surrounding population has grown 40 percent since 2020 and is forecast to increase.
  • Significant Residential and Commercial Development Pipeline : Area includes approximately 15,000 new homes under construction.
  • Strong Traffi c Counts and Accessibility : Highway 290 features 33,606 vehicles per day (AADT 2024), enhancing exposure for retail, service, etc.

OVERVIEW

Flexible Development Scale: Buyers can select between 2 or 4 acres, allowing for tailored hotel projects that match investment goals. Multiple Franchise Opportunities: Access to multiple established hotel franchises enables strategic branding choices. Strategic Proximity to Major Employers:Located approximately 30 minutes from Tesla’s Gigafactory Texas and less than 20 minutes fromSamsung’s new Taylor semiconductor manufacturing facility, two of Central Texas’ largest economic drivers. High-Growth Residential Trade Area : Surrounding population has grown 40 percent since 2020 and is forecast to increase an additional 16percent by 2030, supported by strong in-migration trends. Significant Residential and Commercial Development Pipeline: Area includes approximately 15,000 new homes under construction and$45 million in planned commercial development, driving sustained demand for services. Strong Traffic Counts and Accessibility : Highway 290 features 33,606 vehicles per day (AADT 2024), enhancing exposure for retail, service, medical, and restaurant uses. Located Near Core Regional Demand Generators : Proximate to Dell Children’s Medical Center, the University of Texas at Austin, Austin-Bergstrom International Airport, Circuit of the Americas. Pre-Zoned for Hotel Development : Utilities, roads, and site prep in place, reducing development timelines and costs. Shovel-Ready Site with Full Utilities in Place: Water, sewer, electric, gas, and telecommunications lines already extended to the pad. In-Place Stormwater and Drainage Infrastructure : On-site or master-planned stormwater systems, retention ponds, and drainage tied in, avoiding costly engineering redesigns, floodplain issues, or environmental mitigation that could trigger expensive upgrades. Benefits from Economies of Scale : Roads, parking and utilities are shared across retail components, lowering the hotel developer's proportional share compared to standalone sites. Institutional-Grade Standards: The development is governed by comprehensive Covenants, Conditions, and Restrictions (CC&Rs) designed to ensure long-term value and cohesion across all properties.

FOR SALE DETAILS

PRICE

$1,568,160 USD

PRICE/SF

$18 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elgin Commons Hotel Pad Site

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

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STORIES

6

BUILDING CLASS

-

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

Allan MillerMarcus & MillichapMore Info
210-343-7831

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Allan MillerMarcus & MillichapMore Info
210-343-7831

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