50 acre Posey Rd Development Site
Listing was updated at: 08/05/2019
Property Overview
Price/Rent PSF $ 3,250,000.00
Asset Type Land
Trade Type Sale
Acres Available 50.31
Date Available 08/05/2019
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Description

Location
Located on Posey Road, approximately 3/4 mile east of IH 35 and just west of Old Bastrop Road in San Marcos, Texas Just outside the San Marcos City limit in ETJ. Directly across Posey Road from Trace Subdivision. FYI Posey Rd IH35 overpass has been demo'd (June 2019) for construction of new IH35 Overpass & higher Posey Rd thru lane capacity with anticipated construction completion: Late 2020/early 2021. Old Bastrop Road traces the route of the historic El Camino de Nacogdoches trail, dating back centuries to the days of the Alamo. San Marcos as one of fastest growing cities for its size, it is referenced as being part of America’s Next Great Metropolis.

Sale
Well located 49.311 acre & 1 acre (approx) rectangular development tract totaling 50.311 acres (per HCAD) . Approximately 1700 feet fronting Posey Rd.and approx 1290 ft depth. Currently in Ag use in San Marcos ETJ. Rolling fenced pastureland. Approx 45 acres net of easement. Served by City of San Marcos water and Pedernales electric. Directly across from Trace Subdivision; an innovative 420-acre master planned community which is forecast to have 996 single-family homes and 850 multifamily units = https://tracetexas.com/videos/ The subject site is within several miles of the hugely successful San Marcos Premium & Tanger Outlet Malls, Embassy Suites & Conference Hotel, 3K Employee Amazon Fulfillment Ctr, 38K+ Student Texas State University & revitalizing Downtown. It has become known as a gateway to the Hill Country, including popular Guadalupe, San Marcos Rivers & Canyon Lake recreational areas, besides the small town charm of nearby Wimberley and Gruene, TX. Both Austin and San Antonio are within 45 minute drives.

Location