123 SMITH LANE COMMONS, SAN MARCOS, TX 78666
Homes for sale in San Marcos.
Homes for sale in 78666.
List Price$3,000,000
123 Smith Lane Commons
San Marcos, TX 78666
Listing #6086199
Commercial
Type
About This Property
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.
Property Features
Location Information
County
Hays
Subdivision
A0017-2 JUAN M VERAMENDI SURVEY #2
County
Hays
Directions
Get on TX-45 E/TX-45 Toll Continue on TX-45 E/TX-45 Toll. Take TX-130 S/TX-130 Toll S and I-35 S to S I-35 South Frontage Rd/N Interstate 35 in San Marcos. Take exit 205 from I-35 S 53 min (64.1 mi) Continue on S I-35 South Frontage Rd/N Interstate 35 to your destination
Area
HH
Interior Features
Heating
None
Disabled Features
None
Floors
See Remarks
Accessibility
None
Exterior Features
Is New Construction
No
Lot Size in Acres
12.184
Foundation
None
Buildings
0
Possession
Closing & Funding
Has Waterfront
No
Water / Sewer
None
Has View
No
Water
None
View
None
Parking Description
None
Additional Information
Other Utilities
None, Sewer Not Available, Water Not Available
APN
R12233
Property Type
COM
Status
Active
Property SubType
Agriculture
Documents Available
Survey
Year Built
2026
Similar Listings
Mortgage Calculator
$14,010
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$10,810
Monthly Tax
$2,500
Monthly Insurance
$700
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing Courtesy of: Berkshire Hathaway TX Realty (512) 483-6000
© 2026 Austin Board of REALTORS® (ACTRIS). All rights reserved.
Listings courtesy of APPLICABLE MLS as distributed by MLSGRID. Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. 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. Based on information from ACTRIS through the date and time shown below.
Unlock MLS data last updated at June 6, 2026, 7:53 PM CT
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