| Location: |
The property is located on Shell Road just East of the Williams
Drive and Shell Road Intersection. |
| Legal: |
Approximately 33.8 acres of land, more or less, out of the Joseph Fish Survey,
Abstract # 232, Williamson County, Texas. |
| Description: |
Approximately 33.8 acres of heavily wooded land. Identified as Tracts
3 & 4 on the Concept Plan. This parcel is an ideal mixed-use property located
in the heart of Georgetown’s prime growth corridor. |
| Utilities: |
Water and sewer are available from the City of Georgetown. A 12”
water main is in the Shell Road R.O.W. Sewer is stubbed out on an adjacent parcel.
Pedernales Electric provides electric service. Gas service provided by Atmos and
Verizon provides telephone service. (See Broker for details.) |
| Traffic Counts: |
Between 19,800 and 25,000 VPD per TxDOT 2004 Traffic Map. |
| Zoning: |
Zoned MF – multifamily, OF – office and C-1, Local Commercial;
Century Plan Intensity Level 5. Both zoning and intensity levels are adequate
for the mixed-use development of this property. |
| Entitlements: |
Approved Concept Plan, zoning and an existing development agreement with the
City of Georgetown. The City of Georgetown and Williamson County have executed
an Interlocal Agreement outlining the responsibilities of the parties for the
re-alignment of Shell Road from Williams Drive to the common property line with
Georgetown Village. A public improvement district (“PID”) was created
to reimburse the public expenditure of funds in completing this project. Tracts
3 & 4 are in the PID and share in the project cost. (See Broker for details). |
| Environmental: |
Public records indicate the existence of suitable habitat for endangered karst
species throughout the northwest quadrant of Georgetown. Fish & Wildlife Service
of the U.S. Department of the Interior would have to make the final determination
of potential impact any development of the property might pose. The owner has
conducted no environmental survey of the property. Additionally, this site sits
on top of the Edwards Aquifer Recharge Zone and will require a Water Pollution
Abatement Plan. Stormwater runoff will need to meet or exceed requirements set
forth by the Texas Natural Resource Conservation Commission Regulations. |
| Comments: |
This property is being offered for sale in its “AS IS, WHERE IS”
condition. |
