EXECUTIVE SUMMARY
Coldwell Banker Commercial Southwest Partners and Heritage Texas Country Properties have been retained as the exclusive advisors for 24+ acres on TX HWY 237 in the affluent and prestigious Round Top community, an international destination for antiques and classical music competition.
Reduced $25,000 from prior list price, NOW $425,000 ($17,171 per acre) with 3% buyer broker commission, it is priced to sell now!
The property is across the street from the acclaimed Round Top Carmine Elementary School and from the main entrance to the Round Top International Festival Institute. Adjacent property is owned by the James Dick Foundation, the owner of the Institute.
The property has 3* coveted curb cuts on TX HWY 237 and 417’* of TX HWY 237 frontage. It features gently rolling topography with elevations ranging from 389’* to 444’*, It has a live creek traversing the north property line but none of the property is in a flood zone.
The property is a valuable combination of cleared land including all TX HWY frontage as well as heavily wooded areas. The north and east property lines are tree lined to afford privacy and a soothing environment. We estimate 45%* wooded.
Multiple exit strategies including: (1) Buy for residential and/or commercial owner use and hold; (2) Buy and develop; (3) Buy, build residential or commercial and sell off excess.
Just outside the City limits benefits from no zoning plus flexible utilities including: (1) Community water or dig a well; (2) City sewage or put in septic; and (3) All other utilities on site.
*Estimates and plans by Coldwell Banker Commercial Southwest Partners. All other definitions and calculations based on Austin County Appraisal District unless otherwise specifically defined.
HIGHLIGHTS
(1) Unmatched opportunity in the very affluent Round Top community with a broad range of commercial, professional, retail, residential and/or mixed use site plans.
(2) 7 miles to US Highway 290 the “Austin-Houston Highway”, 49 miles to Bastrop, 59 miles to College Station, 75 miles to Austin and 78 miles to northwest Houston in the affluent Austin DMA.
(3) Served by one of the best school systems in the Austin-Houston-College Station area with all schools carrying TEA “Exemplary” ratings & the District & all schools receiving 9 of 10 ratings by GreatSchools.
(4) Conceptual site plan* includes: (1) 30K SF retail/professional; (2) 11 single family homes on 1+ ac. each; (3) 40K SF B&B/Motel; (4) 80K SF multi-family; and 47% reserve/common area factor.
(5) At a 5-mile radius, top 3 retail opportunities avg. $2.2M per year in potential revenues, top 5 avg. $1.8M and top 10 avg. $1.1M.
(6) The 2011 Round Top Chamber of Commerce has 259 members and 250+ events including antique shows, wine tastings, Shakespeare festivals, concerts, global competition, art festivals and book signings.
(7) Compared to AREA Benchmarks**, Round Top has highest %: (a) $1M+ household net worth; (b) Married and living together; (c) Bachelor’s degree highest attained; and (d) At least master’s degree attained.
(8) Compared to ALL Benchmarks***, Round Top has highest %: (a) Annual home value growth; (b) $300K-$749K home values; (c) $1M+ home values; (d) White collar workers; and (e) single family detached homes. Compared to ALL Benchmarks***, Round top has: (a) Highest median household net worth; and (b) Lowest unemployment rate.
(9) Compared to ALL Benchmarks***, Round Top is # 2 to Austin in highest avg. 2010 home values but will become # 1 by 2015!
**AREA Benchmarks include: Round Top CDP , City of Round Top, City of La Grange, City of Brenham, 78954 zip code (greater Round Top zip code), 77833 zip code (primary Washington County zip code), Fayette County (Round Top’s County) and Washington County (Brenham’s County).
***ALL Benchmarks include all LOCAL Benchmarks PLUS the Austin DMA, Texas and the U.S.
KEY LINKS
(1) Property website: http://www.cbcmaster.com/24-acres-in-Round-Top
(2) Satellite: http://bit.ly/rt24-satellite
(3) Street view: http://bit.ly/RT24-streetview
(4) Map from Austin eastbound on US HWY 290 at Round Top Road: http://bit.ly/RT24-map-from-290-eastbound
(5) Map from Houston/Brenham westbound US HWY 290 at TX HWY 237: http://bit.ly/RT24-map-from-290-westbound-1
(6) Map from La Grange at TX HWY 77 and TX HWY 159: http://bit.ly/RT24-map-from-LaGrange-1
(7) Taxes: http://bit.ly/RT24-taxes-2
(8) Pictures & satellites: http://bit.ly/RT24-PixsandSats1
(9) Graphic highlights: http://bit.ly/RT24-Graphics2
(10) Demographic & econometric highlights: http://bit.ly/RT24-DandE2
(11) E-book: http://bit.ly/RT24-ebook-1
(12) Flyer: http://bit.ly/RT24-flyer-1
(13) Coldwell Banker Commercial Southwest Partners listing: http://bit.ly/RT24-CBCSW-listing-1
(14) Lands of America listing: http://bit.ly/RT24-LOA-listing-1
(15) TXLS listing: http://bit.ly/RT24-TXLS-listing-1
(16) LoopNet listing: http://bit.ly/RT24-LoopNet-listing-1
(17) Craig’s List: http://bit.ly/RT24-CraigsList-listing-1
(18) HAR listing: http://bit.ly/RT24-HAR-listing-1
(19) Offering narrative: http://bit.ly/RT24-offering-2
Note some links may not yet be active!
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