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Investment Highlights

  • Liberty Hill ETJ
  • Class A product built throughout
  • Water at Kauffman Loop
  • Existing Development Agreement with the City of Liberty Hill allows for high-density commercial/residential development
  • 2-mile public Veloway wrapping around Kauffman Loop from the north to the southeastern corner for restaurants
  • Wastewater either at the lift station or 1/3 of the way up from SH 29

Executive Summary

VISION:
It's easy to see the value of this site. We are the only one of the 4 sites that have 2600 feet of frontage on SH29. Our belief is that this location is perfect for a retail/entertainment/dining spot that people want to stay and enjoy for an afternoon, an evening, or even an overnight staycation. With 3 big-box players on the other corners, "something different" is in the works! Be it a specialty grocer surrounded by an eclectic foodies' dream, a mixed-media entertainment complex, or a multi-disciplined health and wellness complex, this site will leverage the traffic drawn to the big-box centers for those seeking a retail/dining or entertainment experience.
This remaining tract, about 41acres including the community detention pond, is targeted by JW Development, as an outright sell or a Joint Venture model with an experienced retail developer with a planned take-out once stabilization occurs. The attached concept plan is not set in stone as this would be led by new owner. Ingress/egress points are fixed! Local developers will be familiar with the Rivery in Georgetown along I-35 just north of SH 29 and can see how they transformed Georgetown!
Rooftops alone aren't enough. DEMOGRAPHICS here will delight any developer.
For retailers, the site offers 35 acres with 7 outparcels, 4 restaurant pads, a hotel site, and various retail options. With 2 miles of planned trails and parks, community-building potential is high.
Developers seek single-tenant net-lease and in-line retail for an 8-acre town center. We're also looking to JV these 35 acres with a known mixed-use developer.
Here are the 4-corners:
• NW Corner - Walmart Under contract
• SW Corner - Lowe’s Under Construction
• SE Corner - HEB Grocery Opened in 2022. Texas’ largest grocer at 430+ units
• NE Corner - 12 Oaks Mixed Use Development

Property Facts

Sale Type Investment
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Restaurant
Total Lot Size 41.00 AC
Zoning NZ - NZ

1 Lot Available

Lot

Lot Size 41.00 AC

92 acre site that is being parceled into multiple sites. Single family for rent and multi-family sites are under contract. Heavy focus next of finding 3 class A restaurant sites. Corner site will be signalized at Kauffman Loop.

Description

12 Oaks Village is a Master-Planned community of 92 acres located at the NE corner of the intersection of SH 29 and Ronald Reagan Parkway, a project by Joe Williams Capital Partners. Few retail locations can boast being adjacent to the nation's 15th-best-selling residential community. Santa Rita Ranch has sold 2700 homes in the past three years. Alongside Santa Rita are Morningstar, Omega, Rancho Sienna, and Cimarron Hills, bringing an additional 5000 homes within 1 mile of our destination. This is within the ETJ of Liberty Hill. Water and wastewater are on-site. Multi-family and single-family for-rent sites are leasing 500 units. A new childcare franchise opens in January 2026, and 30,000 sq ft of office/retail space is leased in June 2026. The entire perimeter of the 92-acre site will have a walk/ride path (a veloway) serving the whole area, with plans to eventually connect further north to Santa Rita. There are two parks located within. One park area will be adjacent to the community retention pond that serves the 35 acres. Two of our restaurant sites are adjacent to the wastewater pond, which doubles as an amenity and retention pond. There are 2700 feet of frontage along SH 29, the area's ONLY east/west road from Georgetown to Burnet, TX. Ronald Reagan Blvd, at our western edge, is the primary N/W roadway, in addition to US 183. Ronald Reagan/Parmer Lane is the primary roadway to Apple HQ2.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
  • Listing ID: 36541374

  • Date on Market: 2025-06-30

  • Last Updated:

  • Address: 8221 W State Highway 29, Georgetown, TX 78628

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