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508 Innovation Way
Elgin, TX 78621

$14.00 USD/SF/YR

Manufacturing For Lease  •  30,000+ SF

Property Details

  • Property Type Manufacturing
  • Year Built 2027
  • Total Building Size 120,000 SF
  • Tenancy Multiple
  • Building Class A
  • Zoning IL
0 Transit Score
20 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Industrial 30,000-120,000 SF $14.00 USD/SF/YR 
Elgin Business Park presents a shovel-ready investment opportunity in a rapidly growing corridor east of Austin. Spanning roughly 33 acres, this industrial land is fully entitled and equipped with essential utilities, including water and wastewater, to support immediate development. Positioned between Tesla’s Gigafactory and Samsung’s fabrication campus, the business park offers unmatched regional connectivity via U.S. Highway 290 and proximity to Austin-Bergstrom International Airport.

The property resides within an Opportunity Zone and benefits from Triple Freeport tax exemptions, making it attractive for investors seeking long-term value with tax advantages. Expedited 90-day permitting accelerates time-to-market, while zoning for employment centers aligns with regional economic development priorities. Businesses will find ample room for operations here, with parcels ready to accommodate industrial, distribution, and research uses, supported by strong local labor pools and proactive municipal support.

  • Date available: Jul 2027
  • Lease term: 3 - 7 Years
  • Service type: Triple Net
  • Space Type: New

Description 

The site is located in Bastrop County within Elgin Business Park, anchored by utilities and designed for employment center use. It benefits from direct connectivity to U.S. 290 and regional access to Tesla and Samsung facilities. The park features multiple industrial-use parcels, all equipped with city water and wastewater, and approved zoning. The area is served by a robust highway network and is approximately 25 miles east of Austin.

Highlights

Located within an Opportunity Zone with Triple Freeport tax benefits.
Fully entitled parcels with city utilities, inclusive of water and wastewater connections.
Expedited permitting process available through Elgin Economic Development Corporation.
Strategic access to U.S. Highway 290, minutes to Tesla Gigafactory and Samsung’s advanced facilities.

Property Flyers

Public Transportation

AirportDriveWalkDistance
Austin-Bergstrom International 44 min - 28.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Alicea Leeper 512-325-4404 Headwater Commercial Realty, LLC
Alicea Leeper 512-325-4404 Headwater Commercial Realty, LLC