1701 W FM 487

Exceptional potential for a Buy & Hold, 1031 or development opportunity consisting of approximately 118.2 Ag Exempt acres on FM 487 directly across from Jarrell HS, minutes from I-35. Positioned within one of the fastest-growing communities in Central TX, the property offers excellent access, visibility, and utility infrastructure for residential & mixed-use development. Recent annexation, SF3 base zoning, and an approved PUD overlay provide flexibility for a mix of 40’, 45’, and 50’ lots.

A recently executed Utility Service Agreement with the City of Jarrell secures the first 400 Living Unit Equivalents (LUEs) at only $4,000 per LUE ($2,000 water / $2,000 wastewater), representing estimated savings of approximately $4 million compared to current impact fee rates.

The future extension of CR 305 through the property will create significant transportation connectivity and multiple hard-corner commercial opportunities. Williamson County has designated CR 305 as a Major Arterial anticipated to ultimately expand to six lanes, including a future bridge over I-35.

Highlights: • Approx. 118 acres - Ag Exempt, No Restrictions • Directly across from Jarrell HS, Minutes from I-35 • Assemblage potential approaching 600 acres with neighboring properties • Utility Service Agreement providing approximately $4 million in impact fee savings • Future CR 305 Major Arterial corridor • Three future hard corners with excellent commercial potential • Future bridge over I-35 enhancing regional access • 12" water line approx. 1,800 feet east of the property • Adjacent wastewater lift station & planned 18" gravity main • Walmart recently announced for Jarrell, adding to continued area growth • 1,634 sq ft dated, but livable home on the property Partially in the ETJ. Buyer to confirm all info.

Additional Opportunity: The companion 19.8-acre commercial tract north of FM 487 is also available, offering commercial frontage along FM 487. See MLS #4506371