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501 12th St 22,217 SF Specialty Building Offered at $7,182,000 CAD in Marble Falls, TX 78654
Investment Highlights
- Positioned on 10.28 acres with zoning that supports residential, commercial, and mixed-use development.
- Features over 40,000 square feet of concrete slabs and parking for more than 275 vehicles.
- Includes existing improvements totaling 22,217 square feet with operational infrastructure on-site.
- Approximately 0.5 miles from Highway 281 and FM 1431, offering strong connectivity to major routes and downtown Marble Falls.
Executive Summary
This 10.28-acre property in Marble Falls, Texas, presents a redevelopment opportunity within the city’s core growth area. Zoned C1-PDD, the site accommodates a broad range of uses including multifamily housing, retail, restaurants, medical, educational, and mixed-use developments. It is supported by a previously approved concept plan allowing up to 24 units per acre, offering significant flexibility for high-density projects.
The property currently includes two structures totaling about 22,217 square feet, with a main building formerly used as an educational facility that features a gymnasium, commercial kitchen, offices, and restrooms, alongside a secondary building suitable for operations or storage. Over 40,000 square feet of concrete slabs and more than 275 parking spaces provide substantial site infrastructure for immediate or phased use.
Strategically located approximately 0.5 miles from Highway 281 and FM 1431, the site places users near H-E-B, downtown Marble Falls, and expanding commercial corridors. With proximity to Lake Marble Falls and the surrounding Hill Country, this location is primed for residential and commercial demand driven by continued area growth and migration trends.
The property currently includes two structures totaling about 22,217 square feet, with a main building formerly used as an educational facility that features a gymnasium, commercial kitchen, offices, and restrooms, alongside a secondary building suitable for operations or storage. Over 40,000 square feet of concrete slabs and more than 275 parking spaces provide substantial site infrastructure for immediate or phased use.
Strategically located approximately 0.5 miles from Highway 281 and FM 1431, the site places users near H-E-B, downtown Marble Falls, and expanding commercial corridors. With proximity to Lake Marble Falls and the surrounding Hill Country, this location is primed for residential and commercial demand driven by continued area growth and migration trends.
Property Facts
| Price | $7,182,000 CAD | Lot Size | 10.28 AC |
| Price Per SF | $323.27 CAD | Building Size | 22,217 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1970/1990 |
| Building Class | B | Parking Ratio | 3.3/1,000 SF |
| Zoning | C1 PDD - C1 Planned Development District | ||
| Price | $7,182,000 CAD |
| Price Per SF | $323.27 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 10.28 AC |
| Building Size | 22,217 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1970/1990 |
| Parking Ratio | 3.3/1,000 SF |
| Zoning | C1 PDD - C1 Planned Development District |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 28822 | Improvements Assessment | $2,442,186 CAD |
| Land Assessment | $1,457,057 CAD | Total Assessment | $3,899,243 CAD |
Property Taxes
Parcel Number
28822
Land Assessment
$1,457,057 CAD
Improvements Assessment
$2,442,186 CAD
Total Assessment
$3,899,243 CAD
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