Property Description

Exceptional Buy & Hold or development opportunity consisting of approximately 118.2 acres located on FM 487 directly across from Jarrell HS and just minutes from I-35. Positioned within one of the fastest-growing communities in Central TX, the property offers excellent access, visibility, and utility infrastructure for residential and mixed-use development.A recently executed Utility Service Agreement with the City of Jarrell secures the first 400 Living Unit Equivalents (LUEs) at a total cost of only $4,000 per LUE ($2,000 water / $2,000 wastewater), representing an estimated savings of approximately $4 million compared to current impact fee rates.The future extension of CR 305 through the property will create significant transportation connectivity and multiple hard-corner commercial opportunities. Williamson County has designated CR 305 as a Major Arterial and the roadway is anticipated to ultimately expand to six lanes, including a future bridge crossing over I-35.Highlights:? Approx. 118 acres available for development - Ag Exempt, No Restrictions? Directly across from Jarrell HS, Minutes from I-35? Assemblage potential approaching 600 acres with neighboring properties? Utility Service Agreement providing approximately $4 million in impact fee savings? Future CR 305 Major Arterial corridor? Three future hard corners with excellent commercial potential? Future bridge connection over I-35 enhancing regional access? 12 water line located approx 1,800 feet east of the property? Adjacent wastewater lift station & planned 18 gravity main? Walmart recently announced for Jarrell, adding to continued area growth?1,634 sq ft dated, but livable home on the property -Partially in the ETJ. -Buyer to confirm all info.Additional Opportunity: The companion 19.8 acre commercial tract located north of FM 487 is also available for purchase, offering commercial frontage along FM 487. See MLS #4506371

Property Features

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