COMMENTS The Austin MSA has experienced exponential growth over the past few decades. The Ronald Reagan & State Highway 29 corridor has been at the epicenter of this tremendous growth. Currently, There are 22,125 future lots in new home residential subdivisions planned in this corridor. Many of these new residents are commuting to employment centers located just south in and around the Cedar Park & Round Rock areas. Within a one mile radius of Morningstar Commercial there are over 12,000 new homes planned and under development with over 30,000 projected residents.
Due to the specific locations of the few regional transportation options, Austin has very clearly defined growth corridors. Ronald Reagan & State Highway 29 is one of the last of these transportation hubs that is not currently served by a regional retail shopping and neighborhood services development.
The most notable and recent retail service expansion is with H.E.B grocery. H.E.B is expected to build a site in the south east corner of the Ronald Reagan & State Highway 29 intersection. Morningstar Ranch's commercial property provides an appropriately sized land position and a going home location for nearby residents and ensures that the growing population has crucial and necessary services to satisfy the current and future regional population demand.
SIZE 28.6 Acres.
ASKING PRICE Contact Broker
JURISDICTION City of Liberty Hills extra-territorial jurisdiction. The site is not subject to any zoning restrictions. Potential uses include retail, office, multifamily, and medical.
SCHOOLS Liberty Hill Independent School District
FRONTAGE Kauffman Loop
Water- City of Georgetown
Wastewater- City of Liberty Hill
MUD: The property is part of the approved and operational Williamson County MUD #23. Qualified water, wastewater and drainage infrastructure for the project will be applicable for reimbursement through future bond sales. Morningstar Ranch MPC: The property is a part of the fully entitled Morningstar Ranch MPC which is planned for over 1,000 single family lots with Phase 1 currently being developed.
LIBERTY HILL 380 AGREEMENT Project developer retains 50% of all sales tax revenue for 20 years. For information regarding the Liberty Hill 380 agreement please contact broker for more details.
ENTIRE MorningStar Commercial Property 101 AC
MULTI-FAMILY 28.6 AC
MIXED USE 6.9 AC
Located along Kauffman Loop in front of MorningStar Ranch on NE Corner of HWY 29 and Ronald Reagan Blvd.