945 Old Black Colony RD

Rare West Buda Development Site! 5.038+/- acres in Buda ETJ proposed as a commercial development project. To pursue, a development agreement would need to be negotiated with the City. With no zoning currently established and a new road projected to be built along the East boundary line there is a huge opportunity to take advantage of here! City has stated they would support commercial use or a residential subdivision. There is an 8in wastewater and 8in water line directly across the street. Conveniently located 1.4 miles from Downtown Buda, 0.6 miles from FM 1626, and across from Whispering Hollow and Summer Pointe residential subdivisions a neighborhood of over 600 homes. The Colony at Cole Springs will bring another 500+ homes to the area and Buda's plan to sustain the aggressive growth trend includes widening Old Black Colony and Summer Pointe Dr to be extended to Cole Springs which will require a ROW from this property. There is also no flood plain! Recent Geo Report provides that this site appears to function as a confined zone that contributes surface runoff toward the Edwards Aquifer Recharge Zone, rather than direct recharge on the subject property. Utilities on site currently include a water well, electricity and septic system. For more information contact the listing agent.