For Sale House MLS# ACT3456787

502 Martin Luther King Jr Dr

Bastrop, TX 78602

$165,000

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About 502 Martin Luther King Jr Dr

Prime 0.50-acre infill site positioned along Martin Luther King Jr Dr with strong visibility and direct access to major transportation corridors. Located in a high-growth Bastrop submarket, this property presents a compelling value-add opportunity through rezoning and redevelopment.

The site includes an older residential structure; however, the highest and best use is commercial or mixed-use development.

Investment Highlights 0.50 Acres (21,780 SF) High-visibility location with strong traffic exposure Strategic positioning near major highway access Flat, usable lot with development potential Existing structure (tear-down or repurpose) Utilities available in the area Located in the path of growth in Bastrop

Property details

Property

Type
Single Family Residence
MLS type
Residential
Status
Active
Year built
1905
Stories
One
Living area
1,036 sqft
Price / sqft
$159
Lot
0.54 AC / 23,522 SF
Full baths
1
Original price
$199,999
MLS #
3456787

Interior

Flooring
Wood
Windows
Wood Frames

Exterior & lot

Roof
Aluminum
Foundation
Raised
Lot
Corner Lot

Schools

District
Bastrop ISD
Elementary
Bluebonnet (Bastrop ISD)
Middle
Bastrop
High
Bastrop

Utilities

Utilities
Electricity Available
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$6,800
Tax year
2026
Parcel
35745
Legal
BUILDING BLOCK 57 E W ST, ACRES 0.536
Special conditions
Standard

Location

Subdivision
Building Blk
County
Bastrop
Directions
Drive east on Chestnut St/Loop 150. Right to Martin Luther King Jr Drive. Property is on the right.

Location

Neighborhood
Building Blk

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Listed by Steve Koleno, Beycome Brokerage Realty LLC

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.