Active

502 Martin Luther King Jr Drive

Bastrop, TX 78602

$199,999 $843/Mo

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Overview

Bed

Bath

1,036

Sqft

0.54

Acre(Lot)

Description

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

Property Details

Property Type : Residential

Price : $199,999

AD Id : 78496879

MLS Id : 3456787

Beds : 2

Lot Size : 0.54 Acre

Living Area Size : 1,036

Year Built : 1905

County : Bastrop

Subdivision: Building Blk

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 2

Bathroom Information

Total Baths: 1 Full Baths: 1

Roofing Information

Aluminum

Flooring Information

Wood
Interior Features

None

Roof: Aluminum

Laundry Features: None
Heating & Cooling

Heating: None

Building Information

Year Built: 1905

Stories: 1

Pool Features: None

Private Pool: No

Water front Features: None

View: None
Exterior Features

Exterior Features: None

Lot Information

Main Square Feet: 0.54 Lot Size Acres: 0.54 Lot Description: CornerLot

Property Information

Subdivision: Building Blk Source Property Type: Residential Property SubType: Single Family Residence Direction Faces: East Levels: One Property Age: 121

Listing Price Information

Listing Price: $199999

Cash

Tax Information

Parcel Number: 35745 Tax Lot: 1 Tax Block: 57 Tax Year: 2026 Annual Tax: $6800 Tax Legal Desc: BUILDING BLOCK 57 E W ST, ACRES 0.536

Virtual Tour

Virtual Tour (External Link)

Parking Information

None

School Information

Elementary School: Bluebonnet (Bastrop ISD) Junior High School: Bastrop Senior High School: Bastrop
Utility Information

ElectricityAvailable
Location Information

Direction: Drive east on Chestnut St/Loop 150. Right to Martin Luther King Jr Drive. Property is on the right. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
TBD LOT 20C County Rd, Bastrop, TX, 78602	$114,900	--	--	--
123 Lariat Court, Bastrop, TX, 78602	$775,000	4	3	2,915	2,915 SqFt
118 Saddle Court, Bastrop, TX, 78602	$840,000	5	3	2,753	2,753 SqFt
258 County Road, Bastrop, TX, 78602	$608,500	5	3	2,604	2,604 SqFt
107 Longhorn Drive, Bastrop, TX, 78602	$499,000	2	2	966	966 SqFt
138 Charolais Drive, Bastrop, TX, 78602	$1,275,000	4	6	4,341	4,341 SqFt
959 Highway 21 Highway, Bastrop, TX, 78602	$599,000	3	2	1,500	1,500 SqFt
134 High Timbers Road, Bastrop, TX, 78602	$285,000	2	2	1,343	1,343 SqFt
134 High Timbers Rd, Bastrop, TX, 78602	$285,000	2	2	1,343	1,343 SqFt
134 High Timbers Road, Bastrop, TX, 78602	$285,000	2	2	1,343	1,343 SqFt

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ByOwner last updated this listing 06/18/2026 @ 23:35

MLS: 3456787 LISTED BY: Steven Koleno, Beycome Brokerage Realty LLC 804-656-5007 SOURCE: ACTRIS