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Investment Highlights

  • Prime I-35 frontage with ±116,773 VPD and 3 points of access
  • 100% developable — no flood, no wetlands, no tree mitigation
  • Surrounded by 10,000+ new homes across 5 master-planned communities

Executive Summary

PROPERTY OVERVIEW
±8.63 acres at the signalized intersection of I-35 and Waterstone Blvd in Kyle, TX. Currently zoned W (Warehouse) with a future land use designation of Regional Commercial. 100% developable with zero flood, environmental, or tree mitigation constraints. Three existing points of access and City of Kyle water and sewer on-site. Landstack independent development score: 89/100.
LOCATION & TRAFFIC
The site sits directly on the NB I-35 Frontage Road with ±116,773 vehicles per day — one of the highest-traffic corridors between Austin and San Antonio. Waterstone Blvd provides a direct connection into the surrounding master-planned communities, making this a natural stop-in point for thousands of daily commuters and residents.
GROWTH STORY
Kyle is one of the fastest-growing cities in the United States, having grown from 5,000 to over 65,000 residents in two decades. More than 10,000 new homes are under construction or planned within the immediate trade area, including Waterstone (2,000 homes), Blanco Vista (2,000 homes), Six Creeks (2,100 lots), and Paramount (500+ homes). The 1-mile population is projected to grow 35% over the next five years — among the strongest growth rates in Texas.
EMPLOYMENT & DEMAND DRIVERS
Tesla's parts distribution and logistics hub is located immediately adjacent to the site. Amazon operates its largest Hays County facility nearby with 5,000+ employees. Ascension Seton Hays Hospital is actively expanding its medical campus, and the Austin Community College Hays Campus draws thousands of students and staff daily. These generators create a consistent, high-income daytime population with strong demand for retail, food & beverage, medical, and service uses.
UTILITIES
City of Kyle water and sewer are available at the site. Existing infrastructure includes a 12" water line along the I-35 right-of-way, 8" and 12" lines along Post Road, and 15" wastewater lines along the I-35 Frontage Road and Waterstone Blvd. A CIP-programmed 24" water upgrade on Post Road is scheduled for 2026, further expanding capacity for future development.
INCENTIVES
The City of Kyle offers meaningful commercial incentives for qualifying projects, including a first-year tax rebate, Chapter 380 economic development agreements, and property tax abatement on new value created. These programs can meaningfully reduce cost basis and improve project returns.
DUE DILIGENCE
A current survey (Doucet Engineering, August 2025) and an independent Landstack site analysis (Quiddity Engineering, May 2025) are available upon request.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 8.63 AC

1 Lot Available

Lot

Lot Size 8.63 AC

I-35 & Waterstone Blvd, Kyle, TX | ±8.63 AC | W Zoning | 100% Developable | ±116,773 VPD | 3 Points of Access | Utilities On-Site | Surrounded by 10,000+ New Homes | Texas Innovation Corridor

Description

±8.63-Acre Commercial Development Site | I-35 & Waterstone Blvd | Kyle, TX Situated at the intersection of Interstate 35 and Waterstone Boulevard in Kyle, Texas, this ±8.63-acre site offers exceptional visibility and access along one of the most active growth corridors in Central Texas. The property consists of two parcels totaling 8.63 acres of fully developable land with zero floodplain, environmental, or tree mitigation constraints and a gentle 4% slope across the entire tract. The site fronts the NB I-35 Frontage Road with ±116,773 vehicles per day and benefits from three points of access via the I-35 Frontage Road, Post Road, and Waterstone Boulevard, with existing concrete driveways already in place. City of Kyle water and sewer service is available at the property, with multiple line sizes running along all three frontages and a CIP-programmed 24" water upgrade on Post Road scheduled for 2026. Currently zoned W (Warehouse) with a future land use designation of Regional Commercial, the property is well-positioned for a range of commercial, industrial, or mixed-use development. The surrounding trade area is experiencing rapid transformation, with more than 10,000 new homes under construction or planned across several master-planned communities within the immediate area, anchored by major employers including Tesla, Amazon, and Ascension Seton Hays Hospital. Located within the Texas Innovation Corridor between Austin and San Antonio, Kyle is one of the fastest-growing cities in the United States. The 3-mile average household income is $125,656, with a projected 22% population increase over the next five years.

Somewhat walkable
20/100
Exceptionally drivable
100/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R37944
  • R37943
Land Assessment
$2,451,593 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,451,593 CAD
  • Listing ID: 40500658

  • Date on Market: 2026-05-12

  • Last Updated:

  • Address: I35 & Waterstone Blvd, Kyle, TX 78640

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