Executive Summary

This 57 acre tract of land is located along the Highway 150 growth corridor within the city of Kyle city limits, approx 2 miles west of I-35. The Highway 150 corridor has become a rapidly growing market, with the Hometown Kyle and Plum Creek Golf Club residential communities leading the way.

Approximately 19 acres of the subject property is zoned for retail/commercial development on Highway 150. The remaining 38 acres is zoned for mid-density residential. A conceptual sketch and preliminary plat are in the process of being designed and will be presented to the city of Kyle planning staff in the near future.

Development Update

The following image shows a main entrance to an adjacent 2166 acre property being developed as Blanco River Ranch. The 57 acres of Kyle Texas Ranch is an integral part for developing the 2166 acres due to the road frontage on FM 150.  FM 150 is a natural main entrance for such a large development. Click here for a larger image. Click here for General Land Office offer brochure.

About Austin

The city of Austin is the capital of Texas and ranks 16th in the nation in population. On several occasions national business magazines have ranked Austin as one of the Five Best Cities to do business. And in May of 2005 “Forbes” ranked Austin as the No.01 city to do business and advance your career. There are no state or local taxes for corporations or individuals. Austin is ranked as “Best City for Relocating Families” and the “Live Music Capital of the World”. Austin is also the home of the University of Texas (UT), one of the largest universities in America.

Historically Austin’s pro-business climate, supportive city government and industry partnerships make it a perfect place for new businesses and ensured its’ growth. Currently, Samsung is building a $4 Billion dollar chip manufacturing plant in north Austin that is scheduled to be completed in 2007. Dell, Inc. the world’s largest personal computer company is headquartered along the northern edge of Austin. The Austin Independent School District is on of the states best, with several Blue Ribbon Schools.

The Environs

The subject property is located in a fast-growing suburb just south of Austin. The site is adjacent to several existing new construction residential projects, within 1 mile of Hays High School, and two miles away from Home Depot, HEB, and Cabelas Sporting Goods. The property is gently sloping, has easy access to I-35, the Austin-Bergstrom International Airport, San Marcos, Texas State University, University of Texas main campus, and San Antonio. The subject site is a sizable tract that is poised for development, as it is surrounded by existing residential development and utilities.

Single family new construction homes in the area are generally priced between $150,000 and $230,000, with the average new home sales price being approximately $180,000. It is anticipated that the homes built on the subject site would fall into the average to above average price range. The Kyle area is known as the Gateway to the Hill Country, and new construction developments such as Plum Creek Golf Club have generated a great deal of new construction buyer traffic to the region.

David Cavalier, Broker • eTexas Realty • (512) 514.6229 •dcavalier@etexasrealty.net