
Introducing a prime Development Opportunity in Bell County, This 3-acre corner lot, strategically located at the junction of Interstate 14 (HWY 190) and Wheat Road, boasts excellent highway frontage with high traffic visibility. Offers over 500 ft of Interstate frontage and 240+ ft on Wheat Rd. frontage. Priced at $1.999,900.00 this property is ideal for a Quick-Service Restaurant (QSR) or various ventures. With convenient access to utilities including electricity, sewer, and water, this parcel presents a lucrative opportunity for development. The surrounding demographics indicate a growing population and solid household income within a 5-mile radius. Located less than 2 miles from Interstate 35 in the heart of Central Texas. Don't miss the chance to secure this versatile Development Opportunity in Bell County. Considering the 3-acre lot or 5 addition acres are available, the potential for growth and success is limitless. Potential uses, not limited to, are as follows; retail, service uses, professional offices, banks, offices, health care facilities or services, studios, recreation/cultural/entertainment facilities, care facilities, restaurants, hotels etc. The Possibilities are ENDLESS. Act now and turn your vision into reality at this desirable location!
Property Type
Land
Lot Size
3.00 acres
Listed by Shaw Properties
Verified property facts
1151 S Wheat RD is listed at $1,999,900 with 0 bedrooms, 3.00-acre lot. This places it above the 76513 median of $319,990.
1151 S Wheat RD is zoned for Belton ISD with assigned schools: Chisholm Trail (elementary), Belton (middle), Belton (high). School assignments should be verified directly with the district.
1151 S Wheat RD is in Downtown Austin, Austin, Texas. See the full [Downtown Austin neighborhood guide](/neighborhoods/downtown-austin) for market data, schools, and lifestyle details.
1151 S Wheat RD is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 1151 S Wheat RD is $7,167. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Lot Features
Waterfront
Listing timeline with current price, original ask, and market time.
Belton ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($400K)
$1,999,900
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,999,900
Price per sqft
Not available
Vs. Downtown Austin median
+128.6%
$875K median
Days on market
280 days
Original to current
No verified reduction
$2M original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 129% above the Downtown Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 26, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($399,980) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1151 S Wheat RD is around $10,974 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,999,900, 1151 S Wheat RD is in the Downtown Austin market where there are currently 68 active listings in 76513. For a detailed market analysis, see our [Downtown Austin guide](/neighborhoods/downtown-austin).
1151 S Wheat RD includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Belton ISD in the 76513 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
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Recent sales for market context