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Investment Highlights

  • Shovel Ready Mixed Use Retail Multi Family Office Hotel Townhomes
  • Dynamic Austin Location within Austin-San Antonio IH35 Corridor
  • $14.8 M City Incentives

Executive Summary

Developer has negotiated a 380 Agreement with The City of Kyle for almost $15M Infrastructure and Tax Abatement Incentives.

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Property Facts

Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Apartment Units
  • Parking Garage
  • Parking Lot
Total Lot Size 45.60 AC

2 Lots Available

Lot Parcel 1

Lot Size 15.00 AC

14.6 Acres at Interstate 35 with highway visibility and access. Zoned and permitted for mixed-sue commercial including 197,533 sf Retail, 65,159 SF Office, Townhomes, & Hotel.

Lot Parcel 2

Lot Size 30.60 AC

30.6 Acres on FM 50 zoned and permitted for up to 350 Multi Family Units and Retail Pad.

Description

Two Step District is a shovel-ready 45.2-acre mixed-use development site available for purchase in the heart of Kyle, Texas, listed as the 11th fastest-growing cities in the nation. Strategically located along the I-35 Frontage Road, the site offers exceptional visibility, access, and a unique opportunity to deliver a dynamic, community-driven destination. The property is zoned and planned for a vibrant mix of uses. The 14.6 acres fronting I-35 are ideally suited for restaurants, retail, townhomes, and flats—anchored by an outdoor amphitheater. The remaining 30.6 acres are designed to accommodate high-end multifamily housing, additional retail, a beer garden, rooftop pickleball courts, and a large pond with surrounding amenities. This is a rare opportunity to acquire a development-ready site with completed zoning and incentive agreements in place. The current ownership has submitted the site plan and plat for approval, with approvals anticipated in April. Preleasing efforts have already generated significant tenant interest, and lease negotiations are underway. Buyers can step in and capitalize on the momentum with the ability to break ground this quarter

Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R115975
  • R115973
  • R137372
  • R114182
  • R115974
Land Assessment
$7,607,976 CAD
Improvements Assessment
$0 CAD
Total Assessment
$7,607,976 CAD

About the Seller

Read More

Sale Advisor

Sale Advisor

Tawney Stedman, Broker-Agent
Tawney began her Commercial Real Estate Career in 2001 in the Investments / Land Division of the Henry S. Miller Commercial corporate office where she had the privilege of mentoring under and working alongside some of Dallas’ most prominent CRE brokers. There she gained well versed experience in the research, marketing, sales, and leasing of many types of investment and land products. Additionally, she held consulting and contract positions with various firms performing triple-net property research and data compilation, large site selection projects and assorted tenant representation assignments.

In addition to her career in Commercial Real Estate Tawney is an active participant in Stedwest Investments LLC, a family owned single-family and commercial property investment firm.

Tawney holds a BA in Marketing and Visual Arts from the University of North Texas and has completed CCIM 101 and 103 kicking off her road to designation. She enjoys painting, hiking, boating, tennis and spending quality time with her husband and three daughters.
  • Listing ID: 40163922

  • Date on Market: 2026-04-15

  • Last Updated:

  • Address: IH 35 & 150, Kyle, TX 78640

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