$1,400,000

Fantastic opportunity to own a fully leased retail center located with 200’ of frontage directly on FM 2147 between Marble Falls and Horseshoe Bay. The land is level and sits within the Cottonwood Shores city limits boundary. The City of Cottonwood provides both city water and sewer. Pedernales Electric Cooperative is the provider of electricity to the center. Cottonwood Shores is a small affordable city in the beautiful Central Texas Hill Country, which is friendly, progressive, livable, and growing at a very rapid pace because of the centralized setting. Located at the geographic “heart” of the Highland Lakes chain, consisting of Lake Buchanan, Inks Lake, Lake LBJ, Lake Marble Falls, Lake Travis, and Austin’s Town Lake, provides some of the best fishing, boating, skiing, wake boarding, and recreation in Texas. Cottonwood Shores is conveniently located on the RM-2147 highway transportation corridor between Marble Falls and Horseshoe Bay, running parallel to the Colorado River (Lake Marble Falls) and connects two major highways, US-281 and SH-71. The Texas Department of Transportation (TxDOT) and Burnet County has initiated planning for construction of a possible new bridge to cross the Colorado River, just below Wirtz Dam; in affect creating a western outer loop for Marble Falls by initially connecting RM-1431 with RM-2147, then eventually connecting further south with SH-71. The terminus of the roadway, and across Wirtz Dam Road Bridge, will be RM-2147 on the west side of Cottonwood Shores. Recent growth in new residential home construction is driving a resurgence of commercial and retail growth, especially new and expanding restaurants. Baylor Scott White’s Health Care System recently opened a new Regional Clinic and Hospital on SH-71, a very short distance from Cottonwood Shores. It also has easy access to both Austin and San Antonio and their extensive health systems, retail, and high-tech centers.