HWY 71 Center

Property website: https://swpre.com/listings/highway-71-center-bastrop-tx-78602/

Looking for an outstanding Austin Bastrop 16-acre mixed use HWY 71 corner under $500K? The property is composed of 11 tax IDs. C-store, motel, restaurant, office, retail, self-storage potential. 1,715 est. frontage. No zoning. Growing traffic count. $499K. The Highway 71 Center presents an excellent buy and hold or immediate development opportunity.

16.189 acres on TX-71/TX-95 at McAllister RD highway cross-over at entrance to Colovista Country Club. 2.9 MI E of Bastrop. 1,715 feet est. frontage. Retail Gap completed for neighborhood, community and area. Corner suitable for C-Store. Excellent mixed use location: retail, professional, motel, self-storage. Great neighborhood demographics. TX-71/TX-95 is primary Austin-Houston corridor. No zoning. 30 MI to Austin. Smaller offerings with TX-71/TX-95 frontage: 3.40 est. acres and 4.52 est. acres.

OFFERED THREE WAYS

Includes Tract 1, Tract 2, Tract 3.
1,715' est. frontage:
900' on TX-71, 755' est. on McAllister RD.
$30,860 per acre.
$0.71 per acre.

Tract 1 | 3.40 est. acres | $259,182
NW corner TX-71 at McAllister RD.
1,254' est. frontage:
499' est. on TX-71, 755' est. on McAllister RD.
$1.75 per SF.
$76,230 per acre.

Tract 2 | 4.52 est. acres | $231,413
NE side of property.
401' est. frontage on TX-71.
$1.25 per SF.
$54,450 per acre.

3% BUYER BROKER FEE

Only requirements for full commission are: #1 Texas real estate broker license; and #2 Submit contract that escrows, closes, funds.

LISTED ON 350K+ SITES INCLUDING:

Major real estate sites: Zillow Realtor.com Trulia
Social media sites: Facebook Google LinkedIn Pinterest SWPRE Blog Twitter Vimeo YouTube
MLS sites: Austin Hill Country Houston San Antonio TXLS (BCS-Brenham-Round Top)
Commercial/investor sites: CCIM/Commercial Search CityFeet LoopNet Dedicated Website LoopNet Premium Listing Xceligent
Farm, ranch, country home sites: Land & Farm Lands of America Lands of Texas

LEGAL & TAXES FROM BASTROP CENTRAL APPRAISAL DISTRICT (BCAD)

Owners: Collins Properties, LLC

Land total per BCAD: 16.189 acres / 705,193 SF / 6.55 hectares / 65,515 m2

# PIDN Acres 2015 Taxes
1 R39011 0.3737 $ 182
2 R39012 0.3576 $ 174
3 R39013 0.3576 $ 174
4 R39014 0.353 $ 172
5 R39015 0.3462 $ 168
6 R39016 0.2903 $ 141
7 R39017 0.3462 $ 168
8 R39018 0.5054 $ 245
9 R39019 12.998 $ 1,424
10 R71059 0.242 $ 2,848
11 R75237 .019 $ 198
Totals 16.189 $ 6,238

Deductions: None

WHY INVEST IN BASTROP?

Category Bastrop Trend vs. Austin Trend
Incomes 211%
Home Values 683%
Homes 155%
Families 189%
Households 152%
Populations 165%

RETAIL GAP

Formula: Local Demand – Local Supply = Local Retail Gap (or Retail Surplus)

Gap analysis summary: When locals spend more on goods and services than local businesses provide, there is local retail leakage or Local Retail Gap. Communities like Bastrop often experience leakage of local retail expenditures as locals travel out of the area to shop at national retailers or to dine at restaurant chains. Attracting national retailers and restaurant chains can minimize local leakage, capture demand from travelers and create Bastrop jobs. Derived from Wiki.

Gap analysis detail: ESRI US Retail Marketplace Data 2014 Methodology Statement

Neighborhood | 5 minute drive time
Area: Colavista and immediate neighborhoods
Top opportunities:
#1 Cars & service
#2 Department store
#3 Food & beverage

Community | 15 minute drive time
Area: Greater Bastrop area
Top opportunities:
#1 Clothing & accessories
#2 Furniture & furnishings
#3 Sporting goods

Region | 30 minute drive time
Area: East of Austin to La Grange
Top opportunities:
#1 Clothing & accessories
#2 Food & drinking
#3 Furniture & home furnishings

SWPRE perspectives on Retail Gap:

Local Retail Gap is based on demand from local residents ONLY: It does NOT include travelers and tourists.

Local businesses are criticaln in reducing Local Retail Leakage: In reducing leakage, capturing travel demand, generating local property and sales tax receipts and creating Bastrop jobs.

Traditional Retail Gap: The SWPRE analysis analysis is based on ESRI and CCIM data and provided for public access.

SWPRE Retail Gap: Detailed proprietary analysis can be provided to SWPRE clients. As requested by client, it may include research and analysis of competition outside of a service area like a regional mall. It may extrapolate demand from travelers that impact on convenience stores, motels, restaurants, and other services routinely consumed by travelers. As requested by client, it may include research and analysis of other quantitative and qualitative factors.

WHO LIVES IN BASTROP?

SWPRE provides demographics based on ESRI Tapestry Segmentation instead of tables of data. Tapestry segmentation provides an accurate, detailed description of America's neighborhoods—U.S. residential areas are divided into 67 distinctive segments based on their socioeconomic and demographic composition—then further classifies the segments into LifeMode and Urbanization Groups.

Bastrop residents fall into 5 basic groups:
Bright Young Professionals | 32%
Green Acres | 25%
Front Porches | 16%
Midlife Constants | 15%
Southern Satellites | 13%

Austin Bastrop investment, 16 acre corner, HWY 71 frontage, Under $500K, C-store site, motel site, restaurant site, office site, self-storage site, 1715 est. frontage, No zoning, Growing traffic count, Buy and, Immediate Development, TX-71/TX-95 at McAllister RD, Highway cross-over, Entrance to Colovista. 3 MI to Bastrop, Great demographics, Primary Austin-Houston corridor, No zoning, 30 MI to Austin