About 501 12th Street
Prime 10.28-acre infill development opportunity in the heart of Marble Falls. Priced below recent appraised value, this rare tract represents one of the largest remaining redevelopment sites within core of town. Zoned C1-PDD, the property allows a wide range of uses including multifamily housing, retail, restaurants, medical offices, daycare facilities, education facilities, religious assembly, recreation facilities, professional services, and mixed-use development. The PDD includes a previously approved concept plan for approximately 180 multifamily units, and zoning allows up to 24 units per acre, creating strong redevelopment potential subject to city approvals. The property includes two buildings totaling approximately 22,217 SF. The main building offers 18,267 SF with a gymnasium, commercial kitchen, restrooms, and approximately 11 offices and was previously used as a private school campus. A second building contains approximately 3,950 SF. Existing improvements may allow interim occupancy, adaptive reuse, or phased redevelopment while planning a larger project. The site benefits from substantial infrastructure including over 40,000 SF of concrete slabs, 275+ parking spaces, and significant impervious cover. Located approx. 0.5 miles from the Highway 281 and FM 1431 intersection and minutes from H-E-B, Downtown Marble Falls, and Lake Marble Falls. City of Marble Falls utilities. Buyer to verify capacity. Owner financing available for qualified buyers. Recent appraisal available upon request.
