701 Bear Hunter - Bastrop 78602, Bastrop County

102252
For Sale
$5,620,024
Commercial
Land Only
Active

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Land Information

44.00 Acres
$0.00
None
Public Water, Sewer
Highway Road
Mostly Flat
Restricted

Tax Information

R47760
$49,971.00
Hunters Crossing
Bastrop ISD
Hunters Crossing Bear Hunter Drive Phase 1, ACRES 43.003

Additional Information

Cash, Conventional
Dedicated Property Website: https://swpre.com/listings/hwy-71-w-bear-hunter-center-bastrop-tx-78602-east-austin-commercial-real-estate/

43 acres or separate tracts from 4.5 to 10.9 acres. 1,591 feet on HWY 71 Frontage RD. 1,069 feet frontage on Bear Hunter DR. In Bastrop City Limits. 56,611 est. 2017 daily traffic. 22% projected daily traffic count growth over 5 years. No flood plain. PID in place. Sample site plan: 7 retail pad sites facing HWY 71, grocery store anchored power center, strip center, medical including skilled nursing or office complex. Critical demographic trends exceed Austin, Dallas, Houston, San Antonio.

OFFERINGS

Offered in its entirety or in 5 tracts.

Entire Property
711 Texas 71 W, Bastrop, TX 78602 | 43.006 acres | 1,873,341SF | $3.00 per SF | $5,620,024

Tract 1
721 Texas 71 W, Bastrop, TX 78602 | 7.28 acres | 317,988 SF | $6.00 per SF | $1,907,928

Tract 2
731 Texas 71 W, Bastrop, TX 78602 | 10.9 acres | 478,804 SF | $5.00 per SF | $2,374,020

Tract 3
741 Texas 71 W, Bastrop, TX 78602 | 4.50 acres | 196,020 SF | $4.50 per SF | $882,090

Tract 4
751 Texas 71 W, Bastrop, TX 78602 | 10 acres | 435,600 SF | $4.00 per SF | $1,742,400

Tract 5
761 Texas 71 W, Bastrop, TX 78602 | 5.60 acres | 243,936 SF | $3.00 per SF | $731,808

3% BUYER BROKER FEE

Only requirements for full commission are: #1 Texas real estate broker license; and #2 Submit contract that escrows, closes, funds.

DOWNLOADABLE DOCUMENTS

Quick Links
71-W at Bear Hunter PID Capital Assessments
71-W at Bear Hunter Resolution Budget & Assessment Fees
Bastrop Zoning Map
Source Documents
71-W at Bear Hunter PID Service & Assessment Plan
71-W at Bear Hunter PID Development & Reimbursement
71-W at Bear Hunter Declaration of Covenants June 25 2008
71-W at Bear Hunter Survey

See Property Website

BASTROP CENTRAL APPRAISAL DISTRICT DATA (BCAD)

Owner: FORESTAR (USA) REAL ESTATE GROUP INC.

Legal: PIDN: R47760 | Cross Reference ID: R47760 | Legal Description: Hunters Crossing Bear Hunter Drive Phase 1, ACRES 43.003

Zoning: HX-PD – Commercial – Hunters Crossing – PD

Land:

Per BCAD: 43.003 acres | 1,873,210 SF | 17.402 hectares | 174,026.97 m2*
Per Survey: 43.695 acres | 1,903,354 SF | 17.682 hectares | 176,827.39 m2*
*SF, hectares and m2 estimates by SWPRE

2016 taxes: $49,971

Bastrop County: $9,399.31
Bastrop ISD: $27,652.92
City of Bastrop: $10,832.21
County Roads: $2,095.56

CAP & OEM Assessments:

Annual CAP Assessment = $0.0710 per SF
Oct. 2016 through Sept. 2017 O&M Assessment = $0.0371 per SF

IMMEDIATE TENANT CATEGORIES

Hospital
Assisted Living
Medical Services, Pharmacy & Offices
Major Grocer Anchored Power Center
Fast Food & Limited Service Restaurants
Retail Mixed Use
Multi-Screen Movie Theater or Theater with Food & Beverage Service
Restaurants with Full Bar
Convenience Store/Truck Stop
Flagged Motel
Offices

SWPRE SOCIO DEMOGRAPHIC & ECONOMETRIC ANALYSIS

SWPRE utilizes data from CCIM and ESRI to conduct proprietary analysis unmatched in commercial and investment real estate.

For analysis of suburban and fringe metropolitan retail sites such as HWY-71-W Bear Hunter Center Bastrop TX 78602 | Austin Commercial Real Estate analysis, SWPRE uses a 10 minute drive time as the benchmark. If a power center, mall, hospital or other regional development occurs, a broader drive time may be more appropriate depending on the capabilities of the development.

Comparison Markets:
City of Bastrop
Bastrop County
Austin
Dallas
Houston
San Antonio

Findings:

The HWY-71-W Bear Hunter Center Bastrop 10 mile drive time benchmarks surpass Comparison Markets demographics and trends in almost every key socio demographic

WHO LIVES IN BASTROP?

SWPRE provides socio demographics based on ESRI Tapestry Segmentation instead of tables of data. Tapestry segmentation provides an accurate, detailed description of America’s neighborhoods—U.S. residential areas are divided into 67 distinctive segments based on their socioeconomic and demographic composition—then further classifies the segments into LifeMode and Urbanization Groups. Bastrop residents fall into 5 basic groups:
Bright Young Professionals | 32%
Green Acres | 25%
Front Porches | 16%
Midlife Constants | 15%
Southern Satellites | 13%