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000 Smith Lane
San Marcos, TX 78666
12.18 Acre Residential Development Site · Land For Sale
·
12.18 AC
Investment Highlights
- 12.184 acres of flat building space
- Currently has Ag Exemption
- City is underway with Blanco Garden Drainage Improvement Project
- Located in the heart of San Marcos just off NB IH-35
- One of San Marcos' hottest redevelopment sites near downtown
- Can be purchased or Leased.
Executive Summary
12.184 acre tract on Smith Lane in San Marcos, TX, is an infill development site located in the Blanco Gardens neighborhood. As of early 2026, it is being market marketed for residential, multi-family, or build-for-rent development. The tract is strategically located near the downtown district of San Marcos and is one of the hottest areas of the San Marcos Business Corridor. It is now being reviewed by the City for the Blanco Gardens Drainage Improvement Project.
Key Details
Location: Smith Lane, San Marcos, TX 78666 (Hays County)
Size: 12.184 Acres (approx. 530,735 sq ft)
Listing Price: Listed at $3,000,000 or can be leased with Option to Buy
Zoning: SF-6 (Single-Family)
Neighborhood: Blanco Gardens
Property Features & Potential
Development Potential: Suitable for dense residential, townhomes, or build-for-rent communities, with rezoning potential for higher density.
Location Highlights: Situated one block off I-35 with easy access.
Utilities: Public water and sewer are available.
Site Condition: Cleared and level, described as an "open lot" or pasture.
Constraints: The entire property is located within the 100-year floodplain, but is being considered for the Blanco Gardens Drainage Improvement Project.
Access: Two access points, including Smith Lane and an alley on the east side.
The property is often described as a "Developer's Deal" with significant potential for Value Added project.
Key Details
Location: Smith Lane, San Marcos, TX 78666 (Hays County)
Size: 12.184 Acres (approx. 530,735 sq ft)
Listing Price: Listed at $3,000,000 or can be leased with Option to Buy
Zoning: SF-6 (Single-Family)
Neighborhood: Blanco Gardens
Property Features & Potential
Development Potential: Suitable for dense residential, townhomes, or build-for-rent communities, with rezoning potential for higher density.
Location Highlights: Situated one block off I-35 with easy access.
Utilities: Public water and sewer are available.
Site Condition: Cleared and level, described as an "open lot" or pasture.
Constraints: The entire property is located within the 100-year floodplain, but is being considered for the Blanco Gardens Drainage Improvement Project.
Access: Two access points, including Smith Lane and an alley on the east side.
The property is often described as a "Developer's Deal" with significant potential for Value Added project.
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | 1031 Exchange | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 12.18 AC |
| Property Type | Land | ||
| Zoning | SF-6 - Single Family - 6 | ||
| Sale Type | Investment or Owner User |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 12.18 AC |
| Zoning | SF-6 - Single Family - 6 |
1 Lot Available
Lot
| Price | $4,141,980 CAD | Lot Size | 12.18 AC |
| Price Per AC | $340,064.05 CAD |
| Price | $4,141,980 CAD |
| Price Per AC | $340,064.05 CAD |
| Lot Size | 12.18 AC |
12.184 acres located in the high-growth area of downtown San Marcos. Currently zoned for multi-family with an Ag Exemption. Flat building space with easy access off North-Bound IH 35 access road. Can be purchased or Leased.
Property Taxes
| Parcel Number | R12233 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,844 CAD |
Property Taxes
Parcel Number
R12233
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,844 CAD
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