TBD Richards Dr, Del Valle, TX 78617

Position your next major investment in one of Central Texas’ fastest-growing corridors. This 149.75-acre tract is ideally located just off Highway 71 near SH 130, with TxDOT-reported traffic counts of approximately 50,000–66,000 vehicles per day along the highway. The property features approximately 1,079 feet of paved frontage on Richards Drive and extends more than one mile in depth. Situated outside the city limits yet within Austin’s ETJ and an Opportunity Zone, the site provides substantial flexibility for large-scale commercial or mixed-use development. The land’s natural characteristics support a premier campus environment, with mature, scattered oak trees near the frontage, gently rolling pastureland, and a sizable pond toward the rear—well suited for integrated green space and trail systems. The property is currently being grazed to preserve the agricultural valuation. Surrounded by accelerating growth, including the nearby "Revelry" residential development, the site is approximately 10–15 minutes from Circuit of The Americas (COTA), Austin-Bergstrom International Airport (ABIA), Tesla Gigafactory, SpaceX operations, and other major employers driving regional expansion. An additional contiguous 84 acres is also available, offering a rare opportunity to assemble a significantly larger footprint – see agent for details. Private showings available by appointment to view this exceptional opportunity.

Richards Drive in Del Valle represents one of Central Texas' most strategically positioned development sites-149.75 acres of unencumbered land with Highway 71 and SH 130 access serving 50,000 to 66,000 daily vehicle counts. The property stretches over a mile in depth from approximately 1,079 feet of paved Richards Drive frontage, offering the scale and visibility that institutional investors and major developers require for transformative projects.

The land's natural topology tells an important story about its development potential. Mature oak trees scattered along the frontage provide immediate visual character, while gently rolling pastureland creates opportunities for campus-style site planning with integrated green infrastructure. A substantial pond toward the rear of the parcel introduces water features that anchor recreational amenities or stormwater management systems-increasingly valuable as master-planned communities prioritize mixed-use activation and environmental stewardship.

Location context matters enormously at this price point and acreage. The Del Valle tract sits outside city limits but within Austin's extraterritorial jurisdiction and qualifies as a federal Opportunity Zone, which translates to meaningful tax incentives for long-term capital gains. This designation removes typical municipal friction from large-scale development while preserving the economic advantages of proximity to Austin's major employment centers. Circuit of The Americas (COTA) sits 10 to 15 minutes away. Tesla Gigafactory, SpaceX operations, and Austin-Bergstrom International Airport create a employment ecosystem that's reshaping regional demographics and commercial demand. Nearby Revelry, a significant residential development, signals market confidence in Del Valle's trajectory.

The agricultural valuation strategy-currently maintained through grazing operations-reflects sophisticated tax planning while the land awaits its commercial lifecycle. An additional 84 contiguous acres is available separately, which means buyer could potentially assemble a rare, consolidated 234-acre development footprint in an area where large tracts have become increasingly scarce.

For institutional investors, operating companies, or mixed-use developers, the combination of scale, visibility, infrastructure proximity, and Opportunity Zone status makes this one of Austin's most actionable investment vehicles in the $10M+ range. The property's timeline is now, not speculative future.