USATXMarble Falls501 12Th St
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501 12Th St, Marble Falls, TX

House

For Sale

Listed price in listed location currency (USD).
$5,250,000

000

MLS® 176852

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 22217 sqft
Garage 
Taxes 
Days Active 53
Lot Size 
Approx. Age 1984
Avg. Price Per Sqft $236
MLS® Number 176852

Property Address: 501 12th St, Marble Falls, TX, 78654-5215

Average square foot calculated using Size range provided by listing agent.

Description

Prime 10.28-acre infill development opportunity in the heart of Marble Falls. Priced below recent appraised value, this rare tract represents one of the largest remaining redevelopment sites within core of town. Zoned C1-PDD, the property allows a wide range of uses including multifamily housing, retail, restaurants, medical offices, daycare facilities, education facilities, religious assembly, recreation facilities, professional services, and mixed-use development. The PDD includes a previously approved concept plan for approximately 180 multifamily units, and zoning allows up to 24 units per acre, creating strong redevelopment potential subject to city approvals. The property includes two buildings totaling approximately 22, 217 SF. The main building offers 18, 267 SF with a gymnasium, commercial kitchen, restrooms, and approximately 11 offices and was previously used as a private school campus. A second building contains approximately 3, 950 SF. Existing improvements may allow interim occupancy, adaptive reuse, or phased redevelopment while planning a larger project. The site benefits from substantial infrastructure including over 40, 000 SF of concrete slabs, 275+ parking spaces, and significant impervious cover. Located approx. 0.5 miles from the Highway 281 and FM 1431 intersection and minutes from H-E-B, Downtown Marble Falls, and Lake Marble Falls. City of Marble Falls utilities. Buyer to verify capacity. Owner financing available for qualified buyers. Recent appraisal available upon request.
MLS® Number176852
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1984
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 8, 2026List Date
$5,250,000List Price
-End Date
Not Sold YetSold Price

For Rent

Apr 30, 2026List Date
$18,515List Price
  • Commute

Commute

Starting Address
Destination Address
501 12Th St, Marble Falls, TX

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