2687 FM 685 - Convenience Store FOR SALE


Hutto, TX 78634
$2,500,000 USD
832-418-3039
2687 FM 685, Hutto, TX for Sale
$2,500,000 USD
Convenience Store - FOR SALE
1/8
null | 20.96% Cap Rate

NEW


2687 FM 685
Hutto, TX 78634


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

20.96%

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gas Station with shopping plaza-Shovel Ready

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Storefront Retail/Office, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

R635980

ASK ABOUT THIS PROPERTY

Davinder SekhonSekhon Investments LLCMore Info
832-418-3039

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Davinder SekhonSekhon Investments LLCMore Info
832-418-3039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.