Capital and Land Advisors is pleased to present the opportunity to acquire a 14.919-acre development parcel located at 540 Highway 71 West, Bastrop, Texas (the
“Property”). This offering represents a prime development opportunity in one of the fastest growing corridors in Central Texas. The parcel can be divisible depending
on use.
The city of Bastrop is the center of commerce for rapidly growing Bastrop County. The trade area population is approaching 200,000 with 11% growth forecasted
by 2030. Economic expansion is being driven by the growing presence of Tesla, SpaceX, The Boring Company, and the established headquarters of X (formerly
Twitter). SpaceX is developing the Gigasat factory in Bastrop, Texas. This factory will be a 11-million, square-foot campus over 1,000 acres. The focus will be producing
next generation AI satellites with initial production targeted to begin in late 2027. Due to this recent economic and residential growth, commercial and retail development
has yet to catch up with demand.
The Property’s frontage on Hwy 71, the primary retail corridor within the Bastrop Trade Area, provides exceptional traffic counts (61,500 vpd) and strong visibility.
The Property’s PDD overlay aligns with market demand while providing flexibility, specifically allowing commercial, retail, multifamily, and mixed residential land uses.
All utilities are adjacent to the site including water & wastewater (City of Bastrop) and electric service (Bluebonnet).
The nearby Sendero Mixed Use Development and Burleson East will introduce new retail, dining, hospitality, and residential components, further strengthening the longterm
commercial viability of the Hwy 71 corridor.
The convergence of an approved PDD, a strategic highway-frontage location, rapid population growth, strong economic drivers, and readily available utilities make
this 14.919-acre parcel an ideal candidate for high-value, commercial development.
Craig Swanson
Capital and Land Advisors
