About 123 Smith Lane Cmns
12.184 acres located in the high-growth area of downtown San Marcos. Currently zoned for multi-family with an Ag Exemption. Flat building space with easy access off North-Bound IH 35 access road. Can be purchased or Leased. The property is often described as a "Developer's Deal" with significant potential for Value Added project.
Location: Smith Lane, San Marcos, TX 78666 (Hays County)
Size: 12.184 Acres (approx. 530,735 sq ft)
Listing Price: $3,000,000 or can be leased with Option to Buy
Zoning: SF-6 (Single-Family)
Neighborhood: Blanco Gardens - Currently has Ag Exemption
Property Features & Potential
Development Potential: Suitable for dense residential, townhomes, or build-for-rent communities, with rezoning potential for higher density.
Location Highlights: Situated one block off I-35 with easy access.
Utilities: Public water and sewer are available.
Site Condition: Cleared and level, described as an "open lot" or pasture.
Constraints: The entire property is located within the 100-year floodplain, but is being considered for the Blanco Gardens Drainage Improvement Project.
Access: Two access points, including Smith Lane and an alley on the east side.
Water Feature/View
| View |
None
|
| Is Waterfront |
No
|
Amenities of 123 Smith Lane Cmns
| Utilities |
None, Sewer Not Available, Water Not Available
|
| Parking |
None
|
Interior of 123 Smith Lane Cmns
| Interior |
See Remarks
|
| Heating |
None
|
| Fireplace |
No
|
Exterior of 123 Smith Lane Cmns
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: Berkshire Hathaway TX Realty(512) 483-6000. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 28th, 2026 at 6:31pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Map to 123 Smith Lane Cmns, San Marcos
