Property Description

Exceptional potential for a Buy & Hold, 1031 or development opportunity consisting of approximately 118.2 Ag Exempt acres on FM 487 directly across from Jarrell HS, 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 & mixed-use development. Recent annexation, SF3 base zoning, and an approved PUD overlay provide flexibility for a mix of 40, 45, and 50 lots.A recently executed Utility Service Agreement with the City of Jarrell secures the first 400 Living Unit Equivalents (LUEs) at only $4,000 per LUE ($2,000 water / $2,000 wastewater), representing 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 anticipated to ultimately expand to six lanes, including a future bridge over I-35.Highlights:¢ Approx. 118 acres - 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 over I-35 enhancing regional access¢ 12 water line 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 propertyPartially in the ETJ. Buyer to confirm all info.Additional Opportunity: The companion 19.8-acre commercial tract north of FM 487 is also available, offering commercial frontage along FM 487. See MLS #4506371

Property Features

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