251 CR 107
- Zoned Unzoned
- Convenient Toll 130 access
- Close to I-35
- Nearby medical center
- No zoning requirements
Property Description
Prime Senior Housing, Multifamily & Built-to-Rent Development Opportunity | Georgetown, Texas Located one block north of University Boulevard off County Road 107, this 22-acre tract, together with the adjoining 20-acre parcel to the east, offers outstanding views and ideal topography for senior housing, multifamily, or built-to-rent development. Combined, the two tracts create a 42-acre development site. More than 3,000 single-family homes are underway in the immediate area, bringing a wave of new households that older demographic reports don’t capture. That growth drives demand for rental housing, for move-down and age-in-place options for parents relocating near family, and for the services that follow rooftops. - Flexible Use Cases Senior Housing: Independent living, active adult, or age-restricted rental serving the area’s growing family base Multifamily: Garden-style apartments positioned for the influx of new residents and workforce Built-to-Rent: Single-family rental community suited to the site’s topography and scale - Infrastructure & Utilities A twelve-inch water line and wastewater utility are already on-site, so a developer doesn’t need to pay for an off-site extension or wait on one to be built before going vertical. Existing homes and outbuildings are slated for demolition, leaving a clean slate for development. The property has been removed from Georgetown’s ETJ, eliminating one of the most significant barriers to expedited development: No zoning requirements, so no rezoning process or public hearings No Georgetown permitting requirements, which shortens the path from acquisition to construction No city property taxes, lowering carrying costs during development and operating expenses after stabilization, which supports stronger rents-to-NOI and higher valuations at exit This is a rare chance to develop at scale in a high-growth corridor, with infrastructure in place, regulatory hurdles removed, and thousands of new households arriving nearby.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Lot Size: | 22.00 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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Lenders
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout