12.184 acres located in the high-growth area of downtown San Marcos. Currently zoned for multi-family with an Ag Exemption. Flat building space with easy access off North-Bound IH 35 access road. Can be purchased or Leased. The property is often described as a "Developer's Deal" with significant potential for Value Added project. Location: Smith Lane, San Marcos, TX 78666 (Hays County)Size: 12.184 Acres (approx. 530,735 sq ft)Listing Price: $3,000,000 or can be leased with Option to BuyZoning: SF-6 (Single-Family)Neighborhood: Blanco Gardens - Currently has Ag Exemption Property Features & Potential Development Potential: Suitable for dense residential, townhomes, or build-for-rent communities, with rezoning potential for higher density.Location Highlights: Situated one block off I-35 with easy access. Utilities: Public water and sewer are available. Site Condition: Cleared and level, described as an "open lot" or pasture. Constraints: The entire property is located within the 100-year floodplain, but is being considered for the Blanco Gardens Drainage Improvement Project. Access: Two access points, including Smith Lane and an alley on the east side.
| MLS # | 6086199 |
|---|---|
| Listing Type | For Sale |
| Style | Agriculture |
| Sub-Type | Resale |
| Status | Active |
| Year | 2026 |
| Days On Site | 84 |
| Listing Provided By | Berkshire Hathaway TX Realty | Mark Mellon-Werch |
| SQ Feet | 12,184 |
|---|---|
| Acreage | 12.18 |
| Property View | None |
| Cooling | None |
|---|---|
| Heating | None |
| Flooring | See Remarks |
| Foundation Details | None |
|---|---|
| Construction Materials | Other |
| Parking Features | None |
|---|
| Utilities | None |
|---|---|
| Sewer | None |
| List Aor | Austin Board Of Realtors |
|---|
| State | TX |
|---|---|
| County | Hays |
| City | San Marcos |
| Zip Code | 78666 |
| Area | HH |
| Community Name | A0017 2 JUAN M VERAMENDI SURVEY #2 |
| Listing VS Median (in A0017 2 JUAN M VERAMENDI SURVEY #2) | |
Price: $3,000,000 low | high Med: $3,000,000 sqft: 12,184 low | high Med: 12,184 $ / sqft: $246 low | high Med: $246 On site: 84 low | high Med: 84 | |
| State | TX |
|---|---|
| County | Hays |
| City | San Marcos |
| Zip Code | 78666 |
| Area | HH |
| Community Name | A0017 2 JUAN M VERAMENDI SURVEY #2 |
| Listing VS Median (in A0017 2 JUAN M VERAMENDI SURVEY #2) | |
Price: $3,000,000 low | high Med: $3,000,000 sqft: 12,184 low | high Med: 12,184 $ / sqft: $246 low | high Med: $246 On site: 84 low | high Med: 84 | |