Description of 123 Smith Lane CMNS, San Marcos, TX 78666
Listing details for 123 Smith Lane CMNS, San Marcos, TX 78666 : 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.
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Listing Updated : 06-12-2026 at 8:50 AM CDT
Property Details
Overview
Status
Active
MLS #ID
ACT6086199
Price
$3,000,000
Bedrooms
0
Bathrooms
0
Square Footage
Acres
12.184
Year
2026
Days on Site
26
Property Type
Commercial Sale
Property Sub Type
Agriculture
Price per Sq Ft
$0
Date Listed
Jun 3, 2026
Community Information for 123 Smith Lane CMNS, San Marcos, TX 78666