Elgin Commons Hotel Pad Site

Price:

$3,126,320

Location:

US-290
Elgin, TX 78621

Franchise type:

Independent & Other

Property type:

Land

Lot size:

4.19

Tabs

Information

Flexible Development Scale: Buyers can select between 2 or 4 acres, allowing for tailored hotel projects that match investment goals.
Multiple Franchise Opportunities: Access to multiple established hotel franchises enables strategic branding choices.
Strategic Proximity to Major Employers: Located approximately 30 minutes from Tesla’s Gigafactory Texas and less than 20 minutes from Samsung’s new Taylor semiconductor manufacturing facility, two of Central Texas’ largest economic drivers.
High-Growth Residential Trade Area: Surrounding population has grown 40 percent since 2020 and is forecast to increase an additional 16 percent by 2030, supported by strong in-migration trends.
Significant Residential and Commercial Development Pipeline: Area includes approximately 15,000 new homes under construction and $45 million in planned commercial development, driving sustained demand for services.
Strong Traffic Counts and Accessibility: Highway 290 features 33,606 vehicles per day (AADT 2024), enhancing exposure for retail, service, medical, and restaurant uses.
Located Near Core Regional Demand Generators: Proximate to Dell Children’s Medical Center, the University of Texas at Austin, Austin-Bergstrom International Airport, Circuit of the Americas.
Pre-Zoned for Hotel Development: Utilities, roads, and site prep in place, reducing development timelines and costs.
Shovel-Ready Site with Full Utilities in Place: Water, sewer, electric, gas, and telecommunications lines already extended to the pad.
In-Place Stormwater and Drainage Infrastructure: On-site or master-planned stormwater systems, retention ponds, and drainage tied in, avoiding costly engineering redesigns, floodplain issues, or environmental mitigation that could trigger expensive upgrades.
Benefits from Economies of Scale: Roads, parking and utilities are shared across retail components, lowering the hotel developer's proportional share compared to standalone sites.
Institutional-Grade Standards: The development is governed by comprehensive Covenants, Conditions, and Restrictions (CC&Rs) designed to ensure long-term value and cohesion across all properties.

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