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Gas Station with shopping plaza-Shovel Ready 2687 FM 685

14,500 SF 100% Leased Retail Building Hutto, TX 78634 $2,500,000 ($172/SF) 20.96% Cap Rate

Investment Highlights

  • Shared driveway access with 336 luxury apartments
  • Reapidly growing daily vehicle count on I-130
  • Next to retail center & medical building

Executive Summary

1.5 acres of property with permits to develop
- 4,500 sq ft gas station with an integrated Taqueria with 5 MPDs.
- 9,000 sq ft of rentable retail space with drive-thru.
- 1,500 sq ft office/apartment building.
Sales Price includes the land & permits.
This exceptional development site is part of CSW development project & is strategically positioned within the rapidly expanding 130 Crossing project in Austin, led by CSW.
- 336 luxury apartments behind the property with shared driveway access.
- Proposed retail center coming next to it
- The medical building behind the property with shared driveway access is under construction.
The site benefits immensely from its proximity to major employers and infrastructure:
- 10-15 minutes from the Tesla Gigafactory: Capitalizing on the high-growth employment base and associated consumer demand.
- 10-12 minutes from the future Samsung headquarters: Positioning the development at the heart of a burgeoning technology hub.
- Located on the hard corner of NEQ CR 138 (Southeast Loop) and TX 130: Providing excellent visibility and direct access to major transportation arteries.
Furthermore, the site is strategically located to capture the traffic generated by:
- Existing and future residential developments: Leveraging a growing population base.
- Retail traffic along TX 130: Benefiting from existing and future consumer activity.
- Feeder traffic from TX 130: Capitalizing on the high volume of traffic utilizing this major thoroughfare.
The Southeast Loop, where the site resides, is specifically designed to accommodate the significant traffic growth anticipated with the arrival of the Samsung headquarters on Highway 79.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Convenience Store
Building Size
14,500 SF
Construction Status
Proposed
Price
$2,500,000
Price Per SF
$172
Cap Rate
20.96%
NOI
$524,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
1.50 AC
Frontage
400 FT on i-130

About 2687 FM 685 , Hutto, TX 78634

This exceptional development site is part of CSW development project & is strategically positioned within the rapidly expanding 130 Crossing project in Austin, led by CSW. - 336 luxury apartments behind the property with shared driveway access. - Proposed retail center coming next to it - The medical building behind the property with shared driveway access is under construction. The site benefits immensely from its proximity to major employers and infrastructure: - 10-15 minutes from the Tesla Gigafactory: Capitalizing on the high-growth employment base and associated consumer demand. - 10-12 minutes from the future Samsung headquarters: Positioning the development at the heart of a burgeoning technology hub. - Located on the hard corner of NEQ CR 138 (Southeast Loop) and TX 130: Providing excellent visibility and direct access to major transportation arteries. Furthermore, the site is strategically located to capture the traffic generated by: - Existing and future residential developments: Leveraging a growing population base. - Retail traffic along TX 130: Benefiting from existing and future consumer activity. - Feeder traffic from TX 130: Capitalizing on the high volume of traffic utilizing this major thoroughfare. The Southeast Loop, where the site resides, is specifically designed to accommodate the significant traffic growth anticipated with the arrival of the Samsung headquarters on Highway 79.

Nearby Major Retailers

HOTWORX
McAlister's Deli

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R325497
Land Assessment
$1,664,052
Improvements Assessment
$161,439
Total Assessment
$1,825,491
  • Listing ID: 34346438

  • Date on Market: 1/2/2025

  • Last Updated:

  • Address: 2687 FM 685, Hutto, TX 78634

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