The property is a one story retail/office building consisting of approximately 21,058 square feet
of space. The property is anchored by the U.S. Department of Agriculture. This is a well located
property, situated close to the Georgetown downtown area and the Williamson County
Courthouse Square. The property boundaries are within a designated overlay area that imposes a
more stringent development code to new projects developed within this area. According to ESRI,
the average 2010 Disposable Income per Household within a 15 minute drive of this property was
$79,467. The same source stated that the population within this 15 minute drive time area is
projected to grow from 135,135 in 2010 up to 165,947 in 2015, representing a 4.19% growth rate
for this trade area.
The property is located at 505 W. University Avenue, traveling east from IH 35, about midway
between the Interstate and Southwestern University. The site fronts W. University Avenue and is
bounded on the east by Martin Luther King Street, W. 11th Street on the north and University Commons retail center on the west.
.972 acres approximately
The site is accessible from IH 35, exiting Hwy 29 (University Ave.) and traveling east. Hwy 29
is a major east/west arterial in the central Texas region. In this instance it connects IH 35 to the
newly developed SH 130 toll road giving the site access to two major north/south arterials and is
the designated truck route through the City of Georgetown.
According to TXDOT 2009 statistics, in this area of W. University Drive approximately 14,900 vehicles per day pass this property.
Significant frontage for the site is on W. University Drive.
Electric, Gas, Telecommunications, Water, and Wastewater service are on site.
The property is currently zoned C-1
For More Information Please Contact:
Marty E. Shelton, CCIM
Shelton Realty Consultants
1702 Pecos Street
Austin, TX 78703
512.567.2097 (cell phone)
512.494.8883 (office phone)