$3,000,000
( )
 $16,105 est/mo Sourced by Back At You

123 Smith Lane Cmns,San Marcos, TX 78666

San Marcos, TX 78666

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Description

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.

Details

MLS #6086199
Listing TypeFor Sale
StyleAgriculture
Sub-TypeResale
StatusActive
Year2026
Days On Site84
Listing Provided ByBerkshire Hathaway TX Realty | Mark Mellon-Werch

Features

SQ Feet12,184
Acreage12.18
Property ViewNone

Interior

CoolingNone
HeatingNone
FlooringSee Remarks

Exterior

Foundation DetailsNone
Construction MaterialsOther

Parking

Parking FeaturesNone

Utilities

UtilitiesNone
SewerNone

Other

List AorAustin Board Of Realtors

Area Information

StateTX
CountyHays
CitySan Marcos
Zip Code78666
AreaHH
Community NameA0017 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
50% of Average
sqft:
12,184
low | high
Med:
12,184
50% of Average
$ / sqft:
$246
low | high
Med:
$246
50% of Average
On site:
84
low | high
Med:
84
100% of Average
Sourced by Back At You

Market Activity 78666

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 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 26, 2026 at 11:17:36 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTX
CountyHays
CitySan Marcos
Zip Code78666
AreaHH
Community NameA0017 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
50% of Average
sqft:
12,184
low | high
Med:
12,184
50% of Average
$ / sqft:
$246
low | high
Med:
$246
50% of Average
On site:
84
low | high
Med:
84
100% of Average
Sourced by Back At You
Listing Updated: July 17, 2026 at 6:53:12 PM PDT