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2 Beds
1 Bath
1,036 sqft

$165,000

502 Martin Luther King Jr DR, Bastrop TX, 78602

Price per sqft$159.27
Built in1905
Property size1,036 sqft
Property typeResidential
Courtesy of Beycome Brokerage Realty LLC, Steve Koleno Listing Contact: (804) 656-5007

Overview

Active

Listed May 14, 2026

Updated 3 weeks ago

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

$1,098/mo

Est. mortgage payment based on a $165,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
3456787

Interior Features

Bedrooms
2
Bathrooms
1
Basement
No

Exterior Features

Lot Size
0.54 Acres

Other Property Details

Taxes
$6,800
Tax Frequency
Annually
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Listings courtesy of Austin/Central Texas Realty Information Service as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 3:41 AM UTC on 9/15/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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