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501 12th St - Redevelopment Project

60,682 SF Specialty Building Offered at $3,750,000 in Marble Falls, TX 78654

Investment Highlights

  • Prime Redevelopment Opportunity in the Heart of Marble Falls, Texas

Executive Summary

Prime Redevelopment Opportunity in Marble Falls, Texas – Owner Financing Available for Qualified Buyers
Discover 10.28 acres of prime potential, centrally located just off FM 1431 and US 281 in the heart of Marble Falls, Texas! Zoned C-1 Planned Development District, this property is approved for 180 multifamily units, with the potential to expand to 240+ units (up to 24 units per acre). Its convenient accessibility and visibility make it ideal for a variety of uses, including multifamily housing, mixed-use, or commercial development.
Permitted uses include but are not limited to:
• Commercial office space
• Trade schools
• Religious facilities
• General retail sales
• Restaurants
• Primary and secondary education
• Multifamily housing (apartments, townhouses, condos)
• Mixed-use developments
Whether you develop the site or repurpose the existing 60,682 square feet of structures, the opportunities are endless. The current buildings, while in need of updates, present significant potential for revitalization as:
• Religious facilities
• Daycare centers
• Public or private schools
• Gymnasiums
• And more!
Additional lots are available, offering expanded parking or further development potential.
This property is ready to bring your vision to life. Whether you’re an investor, developer, or end-user, this is a unique opportunity you don’t want to miss!
Owner financing is available for qualified buyers. Contact us today for more information.

Property Facts

Price $3,750,000
Price Per SF $62
Sale Type Investment
Sale Conditions
Deferred Maintenance
  • Redevelopment Project
Property Type Specialty
Property Subtype
Specialty
  • Specialty Religious Facility
  • Specialty Schools
Building Class B
Lot Size 10.28 AC
Building Size 60,682 SF
No. Stories 1
Year Built/Renovated 1970/1990
Parking Ratio 3.3/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28822
Land Assessment
$1,065,100
Improvements Assessment
$1,785,224
Total Assessment
$2,850,324

zoning

Zoning Code C1 PDD (C1 Planned Development District)
C1 PDD (C1 Planned Development District)
  • Listing ID: 34469127

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 501 12th St, Marble Falls, TX 78654

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