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1321 Harris Hill RD San Marcos, TX 78666
10,760 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,760 sqft
Price per Sqft $134
MLS Listing ID 7114819
Year Built 1980
Tax Year 2025
Lot Size 2.438 Acres
Acres 2.438
Property Sub-Type Multi Family
Source actris
Property Description
Unique covered land play with solid current income and long term development upside. Location just out San Marcos city limits in the ETJ , mid- to long-term highest and best is likely to development multi-story apartment complex to serve San Marcos and its explosive long term growth. San Marcos and Central Hays Co is perhaps the most strategic location in the state for investors with a long horizon, centrally located between Austin and San Marcos along the I-35 corridor, ideal for a long term income development play. San Marcos projected to reach over 140,000 residents by 2035. Robust rental market with the additional growth of Texas State, itself projected to reach over 50,000 students by 2033. Currently 14 rental units of various size and era. Owners made substantial improvements in 2022-2023 to stabilize the property, substantially increasing Gross Rents and Operating Income YOY even in a soft rental market. 2025 Total Operating Income over $180,000, NOI just over $60,000. Entry level units that have low vacancy rates in the competitive San Marcos rental market. Recently built Whispering Pointe Apartments is the perfect prototype for the long term development play, only 0.4 miles to the north on Harris Hill, as critical infrastructure continues to get closer to the site. Being in the ETJ and unrestricted, proximity to central San Macros with none of the challenges of developing in the city. The city limit is literally on the rear property line. Solid current income with clear long term growth and development upside. Unique opportunity to get into this highly sought after, high growth area. Contact LA for more detailed information.
Location
State TX
County Hays
Zoning None, unrestricted in Ci
Interior
Heating See Remarks
Cooling See Remarks
Flooring Carpet, Vinyl, See Remarks
Fireplace No
Exterior
Utilities Available Above Ground, Electricity Connected, Water Connected, See Remarks
View None
Total Parking Spaces 28
Building
Foundation Pillar/Post/Pier, Raised
Sewer Shared Septic
Water Public
Structure Type Frame,Metal Siding,Vinyl Siding
New Construction No
Others
Special Listing Condition Standard
Listed by Texas Ally Real Estate Group