Entitled 73 Unit Build-to-Rent Site Georgetown, TX

Highlights:

• The Site is approximately half a mile south of the Southeast Inner Loop which connects Interstate 35 to State Highway 130, the two largest thoroughfares in the City of Georgetown.
• Approximately 3.5 miles northwest, the intersection of Interstate 35 and University Ave will provide future residents access to numerous national retailers such as Target, Walmart, HEB, and more.
• The Site is adjacent to the La Conterra subdivision with available homes for sale up to $489,000.
• The Site currently has Special Use Zoning in place with an approved Preliminary Plat for 73 units with varying lot types.
• The lot types are the following: 8 Single-Family Attached lots (16 units), 5 Two-Family lots (15 units), and 42 Townhome lots (42 units).
• The zoning is conducive to “for-rent” or “for-sale” product.
• Ownership will be conveying architectural plans and all existing third-party reports to Purchaser at Closing.
• Purchaser to verify zoning and uses allowed on the Site.
• According to the US Census Bureau, the City of Georgetown has a population of approximately 96,312 as of July 2023, an increase of 42.8 percent since April 2020.
• According to CoStar, similar Build-to-Rent communities in Georgetown are achieving effective rents of $2,400 per month for 1,500 SF units.
• According to Texas Realtors, the median home price in Georgetown is $399,000 as of October 2024.

Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer builders and developers the opportunity to purchase an entitled 10+/- acre residential development site in Georgetown, TX. The Site currently has Special Use zoning in place with an approved Preliminary Plat for 73 units with the following lot types: 8 Single-Family Attached lots (16 units), 5 Two-Family lots (15 units), and 42 Townhome lots (42 units). The zoning is conducive to “for-rent” or “for-sale” product. The Site is off of FM 1460 and accessibility will greatly improve with the future expansion of Ridge Line Boulevard along the southern boundary of the Site. This offering represents a great opportunity to acquire a site with high density residential entitlements in the rapidly growing Georgetown market.

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