Ken Belden 7134057482

111 N Westbrook Ln - Elgin RV Park Development | Tiny Homes 23.31 Acres of Commercial Land Offered at $2,700,000 in Elgin, TX 78621

INVESTMENT HIGHLIGHTS

IN PLACE DEVELOPMENT PHASES

APPROVED PERMITS

EXECUTIVE SUMMARY

Westbrook Tiny Homes is an RV and tiny homes development situated on 23 acres in Elgin, TX. As the closest park to downtown Elgin,
it is well-positioned to meet the high demand in this growing market just outside Austin, south of the Samsung plant in Taylor. With the
development plans in place, permits approved and paid for, and impact fees paid for the only permitting fees left are the park fees
which total $800 for the remaining 143 sites.

Elgin RV Park Development OM

PROPERTY FACTS

Price	$2,700,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Manufactured Homes or Mobile Home Park
No. Lots	1	Total Lot Size	23.31 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,700,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Manufactured Homes or Mobile Home Park
Total Lot Size	23.31 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 LOT AVAILABLE

Lot

Price	$2,700,000	Lot Size	23.31 AC
Price Per AC	$115,830.12

Price	$2,700,000
Price Per AC	$115,830.12
Lot Size	23.31 AC

The park has already funded and leveled off land for Phase I of the development, with Phase II ready in place for reference.

DESCRIPTION

Elgin, like much of the region, is poised for a population boom. While the population only grew from 8,135 in 2010 to an estimated 11,359 in 2022, there are a few projects in the area that could bring thousands of homes online in the coming years. The City of Elgin has approved the permits for the current development plans, allowing for an ease of transition.