TBD SH 95

Bastrop, TX

Population and Economic Growth:

   - Rising Demand: As Bastrop continues to experience rapid population growth, the demand for commercial land is expected to increase. New residents will drive the need for additional retail, service-oriented businesses, and entertainment options, particularly in areas that are still developing.

   - Expansion of Commercial Zones: The city’s planning and zoning efforts are likely to expand commercial zones to accommodate this demand. Retail developments, business parks, and mixed-use developments are expected to rise, especially near major highways and growing residential areas.

Commercial Sector Growth:

   - Retail and Service Industry Expansion: Bastrop’s growing population will require more retail spaces, restaurants, healthcare facilities, and educational institutions. This demand will drive up the need for commercial land, particularly for small to mid-sized retail centers.

   - Industrial and Logistics Demand: Bastrop’s strategic location near major transportation routes (e.g., Highway 71 and I-35) makes it attractive for industrial and logistics businesses. This sector could see increased demand for commercial land, especially as companies seek space for warehouses, distribution centers, and light manufacturing.

Infrastructure Development:

   - Infrastructure Enhancements: Ongoing and planned infrastructure projects, including road expansions and utility upgrades, will make more areas suitable for commercial development, increasing demand for land.

   - Business Incentives: Bastrop is likely to continue offering incentives to attract businesses, which could further boost demand for commercial land, particularly for larger developments.

Market Outlook for Commercial Land:

   - High Demand: The demand for commercial land in Bastrop is expected to be strong over the next 5-10 years. The city’s growth trajectory, combined with strategic infrastructure improvements, positions it as a prime location for both retail and industrial development. Investors can expect rising land prices and increased competition for prime locations.

 Elgin, TX

Population Growth and Commercial Needs:

   - Steady Demand: While Elgin’s growth is slightly more moderate than Bastrop’s, the city is still seeing a steady increase in population. This will drive demand for more commercial land, particularly for retail and service businesses catering to the local community.

   - Focus on Local Businesses: Elgin’s commercial growth is expected to focus on local, community-oriented businesses. Demand for commercial land will likely center around the downtown area and other established business districts, as well as along major corridors like U.S. Highway 290.

Industrial and Agricultural Land Use:

   - Agricultural-Based Industries: Given Elgin’s agricultural heritage, there is potential for commercial land demand related to agribusiness and food production industries. This could include processing facilities, distribution centers, and businesses focused on supporting local agriculture.

   - Industrial Development: While less significant than in Bastrop, there may still be demand for industrial land in Elgin, particularly for light manufacturing or small-scale industrial operations that benefit from proximity to Austin without the higher costs.

Infrastructure and Development Initiatives:

   - Infrastructure Investments: Ongoing improvements in transportation infrastructure, such as road widening projects and utility upgrades, will support commercial development and increase the attractiveness of available land.

   - Development Incentives: The city of Elgin may continue to offer incentives to attract new businesses, particularly in underdeveloped areas or for projects that align with the city’s growth objectives.

Market Outlook for Commercial Land:

   - Moderate Demand: The demand for commercial land in Elgin is expected to grow steadily, though at a more measured pace compared to Bastrop. The focus will likely be on smaller-scale retail and service developments, as well as niche markets like agribusiness. Land prices may rise, but they are expected to remain more affordable than in Bastrop, making Elgin an attractive option for smaller investors and local businesses.

 Comparison:

- Bastrop: Strong demand for commercial land, driven by rapid population growth, infrastructure investments, and the expansion of retail, service, and industrial sectors. Expect rising land prices and significant interest from developers and investors.

- Elgin: Steady, sustainable demand for commercial land, with a focus on local businesses, retail, and niche markets like agribusiness. More affordable land prices make it an attractive option for smaller-scale developments and local entrepreneurs.

Both Bastrop and Elgin present viable opportunities for commercial land investment, with Bastrop offering higher growth potential and Elgin providing a more community-focused, stable environment.