Description of 502 Martin Luther King Jr DR, Bastrop, TX 78602
Listing details for 502 Martin Luther King Jr DR, Bastrop, TX 78602 : Prime 0.50-acre infill site positioned along Martin Luther King Jr Dr with strong visibility and direct access to major transportation corridors. Located in a high-growth Bastrop submarket, this property presents a compelling value-add opportunity through rezoning and redevelopment.
The site includes an older residential structure; however, the highest and best use is commercial or mixed-use development.
Investment Highlights
0.50 Acres (21,780 SF)
High-visibility location with strong traffic exposure
Strategic positioning near major highway access
Flat, usable lot with development potential
Existing structure (tear-down or repurpose)
Utilities available in the area
Located in the path of growth in Bastrop
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Listing Updated : 06-12-2026 at 4:34 PM CDT
Property Details
Overview
Status
Active
MLS #ID
ACT3456787
Price
$199,999
Bedrooms
2
Bathrooms
1
Square Footage
1,036
Acres
0.54
Year
1905
Days on Site
26
Property Type
Residential
Property Sub Type
Single-Family
Price per Sq Ft
$193
Date Listed
May 14, 2026
Community Information for 502 Martin Luther King Jr DR, Bastrop, TX 78602