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508 Innovation Way 30,000 - 120,000 SF of 4-Star Industrial Space Available in Elgin, TX 78621
Highlights
- Located within an Opportunity Zone with Triple Freeport tax benefits.
- Expedited permitting process available through Elgin Economic Development Corporation.
- Fully entitled parcels with city utilities, inclusive of water and wastewater connections.
- Strategic access to U.S. Highway 290, minutes to Tesla Gigafactory and Samsung’s advanced facilities.
Features
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
Elgin Business Park presents a shovel-ready investment opportunity in a rapidly growing corridor east of Austin. Spanning roughly 33 acres, this industrial land is fully entitled and equipped with essential utilities, including water and wastewater, to support immediate development. Positioned between Tesla’s Gigafactory and Samsung’s fabrication campus, the business park offers unmatched regional connectivity via U.S. Highway 290 and proximity to Austin-Bergstrom International Airport. The property resides within an Opportunity Zone and benefits from Triple Freeport tax exemptions, making it attractive for investors seeking long-term value with tax advantages. Expedited 90-day permitting accelerates time-to-market, while zoning for employment centers aligns with regional economic development priorities. Businesses will find ample room for operations here, with parcels ready to accommodate industrial, distribution, and research uses, supported by strong local labor pools and proactive municipal support.
- Lease rate does not include utilities, property expenses or building services
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 30,000-120,000 SF | 3-7 Years | $19.50 CAD/SF/YR $1.62 CAD/SF/MO $2,339,518 CAD/YR $194,960 CAD/MO | Industrial | - | 2027-07-01 |
1st Floor
| Size |
| 30,000-120,000 SF |
| Term |
| 3-7 Years |
| Rental Rate |
| $19.50 CAD/SF/YR $1.62 CAD/SF/MO $2,339,518 CAD/YR $194,960 CAD/MO |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| 2027-07-01 |
1st Floor
| Size | 30,000-120,000 SF |
| Term | 3-7 Years |
| Rental Rate | $19.50 CAD/SF/YR |
| Space Use | Industrial |
| Build-Out | - |
| Available | 2027-07-01 |
Elgin Business Park presents a shovel-ready investment opportunity in a rapidly growing corridor east of Austin. Spanning roughly 33 acres, this industrial land is fully entitled and equipped with essential utilities, including water and wastewater, to support immediate development. Positioned between Tesla’s Gigafactory and Samsung’s fabrication campus, the business park offers unmatched regional connectivity via U.S. Highway 290 and proximity to Austin-Bergstrom International Airport. The property resides within an Opportunity Zone and benefits from Triple Freeport tax exemptions, making it attractive for investors seeking long-term value with tax advantages. Expedited 90-day permitting accelerates time-to-market, while zoning for employment centers aligns with regional economic development priorities. Businesses will find ample room for operations here, with parcels ready to accommodate industrial, distribution, and research uses, supported by strong local labor pools and proactive municipal support.
- Lease rate does not include utilities, property expenses or building services
Property Overview
The site is located in Bastrop County within Elgin Business Park, anchored by utilities and designed for employment center use. It benefits from direct connectivity to U.S. 290 and regional access to Tesla and Samsung facilities. The park features multiple industrial-use parcels, all equipped with city water and wastewater, and approved zoning. The area is served by a robust highway network and is approximately 25 miles east of Austin.
Manufacturing Facility Facts
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508 Innovation Way
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