11.83 ACRES IN GEORGETOWN

SIZE:  11.833± gross acres, which includes a 2.2 acres detention pond, leaving a net area of ±9.63 acres.

PROPERTY: The Property is in the City of Georgetown and is adjacent to Berry Springs, a KB Home project with houses ranging from $340,000 – $400,000.  Next door Site 2 is home to Georgetown ISD’s Forbes Middle School and Cooper Elementary School.  Georgetown has designated the FM 971 and SH-130 intersections as a future community commercial hub. The site is well situated, just 1-mile from IH-35 along Inner Loop, 1.5-miles to IH-35 along FM 971, and less than 2 miles to SH-29.

ZONING: Zoned C-3 through the Troop Tract PUD as C-3.  Uses permitted under C-3 include Assisted Living, Nursing Homes, Hospice Facility, Hotels, General Retail, Restaurants (including drive-thru), Medical and Professional Office, Multi-Family and Self-Storage will require a special use permit.

UTILITIES: Water Jonah SUD 8”-12” water lines north of 971

    Wastewater Georgetown 12” gravity main line on Site 1

    Electric Georgetown

IMPERVIOUS COVER & HEIGHT: In accordance with the PUD. the impervious cover for Site 1 is 70% with a height limitation of 35’.

FLOODPLAIN: There is no Floodplain on the Property.

ASKING PRICE: $2,950,000 ($7.00/sf net)