For Sale Commercial MLS# ACT6086199

123 Smith Lane Cmns

San Marcos, TX 78666

$3,000,000

About 123 Smith Lane Cmns

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 Buy Zoning: 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.

Property details

Property

Type
Agriculture
MLS type
Commercial Sale
Status
Active
Year built
2026
Lot
12.184 AC / 530,735 SF
Original price
$3,000,000
MLS #
6086199

Financial

Annual tax
$2,080
Tax year
2025
Parcel
R12233
Legal
A0017-2 JUAN M VERAMENDI SURVEY #2, TRACT 259, ACRES 12.184
Special conditions
Standard

Location

Subdivision
A0017-2 JUAN M VERAMENDI SURVEY #2
County
Hays
Directions
Get on TX-45 E/TX-45 Toll Continue on TX-45 E/TX-45 Toll. Take TX-130 S/TX-130 Toll S and I-35 S to S I-35 South Frontage Rd/N Interstate 35 in San Marcos. Take exit 205 from I-35 S 53 min (64.1 mi) Continue on S I-35 South Frontage Rd/N Interstate 35 to your destination

Location

Neighborhood
A0017-2 JUAN M VERAMENDI SURVEY #2

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Listed by Mark Mellon-Werch, Berkshire Hathaway TX Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.