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502 Martin Luther King Jr Dr

Bastrop, TX 78602
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Just listedJust listed
2 Bedroom(s)
1 Full Bath(s)
1,036 Sqft
23,522 Lot Sqft
Residential Single Family

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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

MLS#
ABORTX-3456787
List Price
$199,999 ($193/Sqft.)
Listing Status
For Sale
Address
502 Martin Luther King Jr Dr
City
Bastrop
State
TX
Zip Code
78602
County
Bastrop County
Subdivision
Building Blk
Legal Description
BUILDING BLOCK 57 E W ST, ACRES 0.536
Property Type
Residential Single Family
Bedroom
2 Bedroom(s)
Bath
1 Full Bath(s)
Stories
1
Building Size
1,036 Sqft/Public Records
Year Built
1905 /Owner
Lot Size
23,522 Sqft/Appraisal District
LP / Acre
$370,369 / Acre

Interior

Number Of Living Area
1
Number Of Dining Area
1
Floors
Wood
Cooling
None
Heating
None
Window
Wood Frames
Security System
None

Exterior

Roof
Aluminum
Foundation
Raised
Private Pool
No
Exterior Type
None
Lot Description
Corner Lot
Parking
None
Parking Space
Garage 0 / Parking 1
Utility
Electricity Available
Front Door Face
East

Lot Information

Lot Size
23,522 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Information source

unlock MLS
Source last updated May 14, 2026 at 05:08 PM
Listing last updated May 14, 2026 at 06:06 AM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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