About this home

19.8 Ag Exempt Acres | FM 487 Commercial Development Site Near Jarrell High School Strategically positioned commercial development tract consisting of approximately 19.8 acres located on FM 487 in the path of rapid growth in Jarrell. The property offers outstanding potential for office, medical, commercial, technology-support, and mixed-use development. Recent annexation and C-1 commercial zoning approval. Low holding costs make this a great, potential opportunity for Buy & Hold or 1031 buyer. The site benefits from exceptional regional accessibility, located just minutes from I-35 and along the future CR 305 Major Arterial corridor. As planned, CR 305 will ultimately provide a six-lane connection across I-35, creating substantial traffic counts and long-term commercial visibility. Adjacent ownerships are also being marketed for sale, creating a rare assemblage opportunity approaching 600 acres for larger-scale development projects. Highlights: - Approx. 19.8 Acres - Ag Exempt - Low Holding Costs - Frontage along FM 487 - Minutes from I-35 - Assemblage potential approaching 600 acres with neighboring properties - Future CR 305 Major Arterial corridor - Planned six-lane roadway connection across I-35 - Strong demographics and residential growth throughout Jarrell - 12" water line located approximately 1,800 feet east of the property - Adjacent wastewater lift station and planned 18" gravity main - Walmart recently announced for Jarrell, adding significant retail momentum -Partially in the ETJ Buyer to confirm all info. Additional Opportunity: The 118 acre companion tract located south of FM 487 is also available, and has a recently executed Utility Service Agreement with the City of Jarrell that secures the first 400 Living Unit Equivalents (LUEs) at a total cost of only $4,000 per LUE ($2,000 water / $2,000 wastewater), representing an estimated savings of approximately $4 million compared to current impact fee rates. See MLS #1967687

Facts and features

Schools

• Jarrell High School

  high · 9-12 · 0.5 mi

  4

• Jarrell Middle School

  middle · 6-8 · 2.0 mi

  4

• Double Creek Elementary School

  elementary · K-5 · 2.1 mi

  5

• Jarrell Elementary School

  elementary · K-5 · 2.5 mi

  5

• Igo Elementary School

  elementary · K-5 · 2.5 mi

  3

• Lott Detention Center

  high · 10 · 13.5 mi

Price history

• Oct 30, 2026 · Price Changed$1,984,500
• Sep 3, 2026 · Price Changed$2,475,000
• Jul 28, 2026 · Price Changed$2,999,990
• Jun 19, 2026 · Listed$3,999,990
• Aug 13, 2024 · Listing Removed—
• Jul 26, 2024 · Listed$3,040,000

Tax history

• 2026$91 tax · $5,453 assessed
• 2025$92 tax · $5,567 assessed
• 2024$91 tax · $6,118 assessed
• 2023$12,198 tax · $4,028 assessed
• 2022$76 tax · $3,211 assessed
• 2021$63 tax · $2,415 assessed
• 2020$48 tax · $3,171 assessed
• 2019$65 tax · $4,746 assessed

Where it is