TBD Bluebonnet Rd, Lockhart, TX 78644

Awesome location with incredible potential on this 26-acre property located 8 miles north of Lockhart on S Hwy 183 / SH 130, with approximately 740 feet of highway frontage. Approximately a 20-minute drive to Austin, ABIA, and Tesla, and 30 minutes to San Marcos or Bastrop.

INCOME IN PLACE. Sold as 3 separate tax parcels, giving a buyer flexibility to phase, finance, or divest in pieces. Improvements include 5 site-built homes and 1 duplex totaling 6,672 sq ft with 16 beds and 10 baths, plus 4 rented lots. Scheduled gross monthly income is $7,990, or $95,880 annually. Two units are currently vacant, so a buyer steps into immediate lease-up upside. Net income before repairs runs approximately $43,594 annually per seller's statement. Full rent roll and expense detail available on request.

THE CORRIDOR. Caldwell County ranks among the fastest growing counties in the nation, and Lockhart grew from roughly 14,400 residents in 2020 to more than 17,000 by 2024. Blue Sky, a 932 acre master planned community, has roughly 3,650 homes planned. Moxie adds another 2,500 homes on 589 acres. TxDOT has authorized $250 million to convert 21 miles of SH 130 into a smart freight corridor beginning in 2027. Thousands of rooftops are arriving in a market that has not yet built the storage, contractor yards, retail, or workforce housing to serve them.

THE LAND. A large 2 to 3 acre stock pond near the front provides a nice recreation spot. Gently sloping pastureland with mature trees. Electricity and public water connected, septic in place. 746 x 1612. Texas counties have no zoning authority; buyer to verify jurisdiction and ETJ status.

Collect income while entitling highway frontage in one of the fastest growing corridors in Texas. Additional 27.46 acres available to the north under MLS 1697253. Combine both for 53.45 contiguous acres. Seller will consider a package price for the two tracts.

Highway frontage and existing income are the defining strengths at TBD Bluebonnet Rd. In the Lockhart area of Lockhart, this 25.989-acre commercial sale offers roughly 740 feet of frontage along S Hwy 183 / SH 130, a scale and road presence that matter for multi-family positioning, tenant access, and future land use flexibility in Caldwell County.

The site is improved with a mix of residential and rental components that give the property immediate operating relevance. Included in the sale are five site-built homes, one manufactured home, and one duplex, along with three leased RV sites and four leased mobile home sites. At full occupancy, the estimated gross monthly rental income is about $9,250. That matters because this is not raw land requiring a full ground-up strategy on day one. It is a property with an existing income base, multiple structures, and room to evaluate near-term cash flow against longer-term redevelopment or expansion potential.

Location leverage is another clear part of the value. The property sits about 8 miles north of Lockhart and roughly 20 minutes from Austin, Austin-Bergstrom International Airport, and Tesla. San Marcos and Bastrop are each about 30 minutes away. For buyers tracking Central Texas growth patterns, that puts this tract in a practical position between employment demand, logistics access, and secondary market expansion. The frontage on SH 130 and Hwy 183 also gives it a level of visibility and connectivity that smaller infill assets do not offer.

The land itself adds another layer of utility. Near the front of the property is a stock pond estimated at 2 to 3 acres, which creates a usable recreational feature and a differentiator in a category where many income properties are strictly functional. The current improvements date to 1978, and the 97 days on market suggest buyers have time to underwrite the asset carefully rather than react to a short marketing window.

At $1.30M, the case for TBD Bluebonnet Rd is grounded in acreage, frontage, existing rental activity, and regional access rather than marketing language. For an investor or operator looking at Lockhart’s path of growth, this is the kind of holding that can support present income while preserving optionality for a broader multi-family or mixed residential strategy over time.