Ownership review draft · November 12, 2026 · Not for public release
CIPElgin Commons

For sale · Pad sites · Hotel site · Phase 2 tracts

Elgin
Commons

Sixty platted acres on US‑290, 0.6 miles from Walmart and 0.9 miles from H‑E‑B.

Now
offered
0.81–1.56 AC7 highway padsFor sale · US‑290 frontage
0.87–3.45 AC5 interior padsFor sale · lots may be combined
4.20 ACHotel padLee Dildy Blvd extension
31.35 ACPhase 2 tractsDeveloper sale · 17.82 + 13.53 ac

The site today, looking east toward Elgin — CIP drone photography

The opportunity

Sixty acres.
One address.

Not another corner. A whole new block of Elgin retail.

Elgin Commons is a ±59.99-acre, 18-lot platted commercial development with 1,577 feet of frontage on US Highway 290 — the east–west spine that carries 35,780 vehicles a day between Austin and Elgin. It sits 0.6 miles west of the Walmart Supercenter and 0.9 miles west of H‑E‑B, the two stores that anchor the city’s daily shopping.

The plat delivers highway and interior pad sites from 0.8 to 3.5 acres, a 4.2-acre hotel pad, and a 31-acre second phase that could support an anchored center, destination entertainment or additional retail — served by three internal public streets and a proposed future traffic signal on US‑290. Phase 1 pads are offered for sale, individually or in combination; Phase 2 is positioned for a single developer.

±59.99 ACGross · 18 platted lots
1,577 FTUS‑290 frontage
35,780Vehicles / day · TxDOT 2025
0.6 MITo Walmart Supercenter
The offering

Eighteen lots.

Pads for sale now. Phase 2 for one developer.

7

Highway pads

Lots 1, 2, 3, 4, 14, 16, 17 · direct US‑290 frontage

Acres per lot
0.81–1.56
US‑290 frontage per lot
117′–259′
For sale
5

Interior pads

Lots 6, 7, 8, 9, 13 · Clydesdale Dr, Indian Paintbrush Trl & Lee Dildy Blvd

Acres per lot
0.87–3.45
Combined
7.57 acres
For sale
H

Hotel pad

Lot 10 · Lee Dildy Blvd extension

Acres
4.20
For sale
2

Phase 2 tracts

Lots 11 & 12 · potential anchored-center, entertainment or retail development; no use committed

Acres · 17.82 + 13.53
31.35
Developer sale
Phase 1 · padsFor sale

Twelve pads and the hotel site, sold lot by lot

AssemblageLots combine

Adjacent pads can be combined for larger users

Ground lease · build-to-suitConsidered

Case by case, at ownership’s discretion

Phase 2 · 31.35 acDeveloper sale

Lots 11 & 12 offered together · pricing: contact broker

Site plan

Lot by lot.

54.08 net acres across 18 platted lots. Select a lot on the plan or in the schedule.

1 2 3 4 14 15 16 17 6 7 13 18 8 9 10 HOTEL PAD 5 11 PHASE 2 12 PHASE 2 US HIGHWAY 290 500 FT N
Pads for sale Hotel pad Phase 2 Under contract Detention · Lot 5

Lot lines from the Final Plat, Rhode Tract Subdivision (BGE, Inc.), fitted to Bastrop CAD parcel corners within about 5 ft. Approximate and for illustration only; not a survey.

LotLocationAcresUS‑290 ftStatus
Highway pads · direct US‑290 frontage
Lot 1Clydesdale Dr corner1.563145.86′For sale
Lot 2Clydesdale Dr corner0.808190.08′For sale
Lot 3Mid-block0.808190.08′For sale
Lot 4Mid-block0.836117.37′For sale
Lot 14Indian Paintbrush Trl corner0.876140.01′For sale
Lot 16Mid-block1.020159.02′For sale
Lot 17East end1.245258.74′For sale
Lot 15Medical use1.501236.02′Under contract
Interior pads
Lot 6Clydesdale Dr0.866—For sale
Lot 7Interior1.135—For sale
Lot 8Lee Dildy Blvd3.450—For sale
Lot 9Lee Dildy Blvd1.208—For sale
Lot 13Indian Paintbrush Trl0.909—For sale
Lot 18Breakfast use0.516—Under contract
Hotel pad
Lot 10Lee Dildy Blvd extension4.198—For sale
Phase 2 tracts · developer sale
Lot 11Development tract17.822—Developer sale
Lot 12Development tract13.532—Developer sale
Not offered
Lot 5Detention1.790—Detention
59.987 ACGross · incl. 5.904 ac streets / ROW
14.72 ACFor sale in 12 pad sites
31.35 ACPhase 2 · Lots 11 & 12
1,577.19 FTTotal US‑290 frontage

Acreage and frontage per Final Plat, Rhode Tract Subdivision (BGE, Inc.) and Bastrop CAD records; total frontage includes the 80.00′ (Clydesdale Dr) and 60.01′ (Indian Paintbrush Trl) street entries. Locations summarized from the plat; buyer to verify all dimensions, easements and availability.

The plat, on the ground

Aerial view of Elgin Commons with the 18 platted lots drawn over it, colored by status, and a tag marking a potential future traffic signal that is subject to approval
Source: Final Plat, Rhode Tract Subdivision (BGE, Inc.); Bastrop CAD. Overlay approximate, for illustration only. Traffic count: TxDOT 2025 AADT, nearest station west of the site. The traffic signal is potential / future and is not approved or funded. Interim exhibit · base imagery: Google Earth · professional aerial photography in production
The vision

Planned as
a place.

Pads up front, a hotel on the boulevard, and room behind for what comes next.

Interim concept imagery · architectural renderings in production
Pads & shopsTwelve pad sites for restaurant, drive-thru, medical, service and multi-tenant retail users
Phase 2 scenarios31 acres that could support an anchored center, destination entertainment or additional retail — no use is committed
HospitalityA 4.2-acre hotel pad on the Lee Dildy Blvd extension

Interim conceptual imagery for illustration only — not a commitment to any design, tenant or use.

The retail node

0.6 miles from
Walmart. 0.9
from H‑E‑B.

Elgin Commons extends the city’s established US‑290 retail node to the west.

Walmart Supercenter0.6 miles east at 1320 W US‑290 — the trade area’s general-merchandise anchor
H‑E‑B0.9 miles east at 1080 W US‑290 — Elgin’s primary grocer, just beyond Walmart
ACC Elgin CampusAustin Community College, across US‑290 at 1501 W US‑290
Lee Dildy BlvdLinks the site to the Walmart / H‑E‑B node and the rooftops to the south

Photo: looking west along US‑290 from the Walmart Supercenter toward Elgin Commons — CIP drone photography.

Access & circulation

How traffic
gets in.

Eight lots address US‑290 directly. The plat adds two public entries from the highway and extends Lee Dildy Boulevard through the middle of the site.

Aerial view of Elgin Commons looking southeast with the plat drawn over it and numbered markers for US-290, Lee Dildy Boulevard, Clydesdale Drive, Indian Paintbrush Trail, the Lee Dildy extension and a potential future signal
Plat over aerial imagery · overlay approximate · interim exhibit, base imagery: Google Earth
Existing today

1US‑290 frontage

1,577.19 ft of highway frontage; 35,780 vehicles a day per the nearest TxDOT count station, west of the site

2Lee Dildy Blvd

Built east of the site, connecting to the Walmart and H‑E‑B retail node

Platted · planned

34Clydesdale Dr & Indian Paintbrush Trl

Platted 80′ and 60′ public rights-of-way from US‑290 into the site

5Lee Dildy Blvd extension

Platted through the site; construction projected to begin January 2027

Requires approval

6Traffic signal · Clydesdale Dr at US‑290

Potential future signal. Approval, funding and schedule are not confirmed

Highway driveways and turn movements

Not shown. Access points and turn movements on US‑290 are subject to TxDOT permitting

Infrastructure & incentives

Backed by
the City.

An approved agreement, with roads and utilities planned behind it.

Elgin Commons is not a speculative plat waiting on infrastructure. The City of Elgin and the Elgin Economic Development Corporation have approved an economic development agreement for the project, public infrastructure funding was approved with it, and construction of the roads through the site is projected to begin in January 2027.

01 · Utilities

City water and wastewater service is planned for the site.

The City of Elgin is the wastewater provider under the plat, and the approved EDC infrastructure funding includes a wastewater line extension to the project. Detention is platted on Lot 5. Capacities and delivery dates are being confirmed.

1.79 ACDetention · Lot 5
02 · Roads

Road construction is projected to begin in January 2027.

City construction of the public roads through Elgin Commons is projected to begin in January 2027, to deliver the platted internal street network. The date is a projection, not a guaranteed delivery schedule.

JAN 2027Projected construction start
03 · Incentives

The City and the Elgin EDC have put money behind it.

Elgin City Council unanimously approved the project’s economic development agreement on December 16, 2025. As reported, the Elgin EDC package provides up to $5 million for public infrastructure and up to $4.25 million in sales-tax grant reimbursements.

UP TO $5MEDC infrastructure funding
  1. July 2024PD zoning

    Planned-development zoning approved by City Council

  2. December 2025Agreement approved

    Economic development agreement — unanimous council vote

  3. January 2027 · projectedRoads

    Projected start of City road construction

  4. At approval$200M project

    Total project value cited by the City

Incentive terms and project value as reported by the Elgin Courier (Dec. 24, 2025); benefits and obligations are governed by the executed agreements. Road and utility dates are projections. Utility capacities, connection responsibilities and delivery dates to be confirmed lot by lot.

Site conditions

The ground
itself.

Topography, flood mapping and drainage.

530 550 520 510 510 490 490 500 500 490 490 500 500 500 500 510 510 510 510 560 550 550 520 520 520 520 520 540 540 540 540 530 530 530 530 530 530 1 2 3 4 14 15 16 17 6 7 13 18 8 9 10HOTEL PAD 5 11PHASE 2 12PHASE 2 US HIGHWAY 290 FEMA ZONE A1% ANNUAL-CHANCE FLOOD HAZARD FEMA ZONE AE1% ANNUAL-CHANCE FLOOD HAZARD ≈115 FT AS MAPPED 500 FT N
Pads for sale Hotel pad Phase 2 Under contract Lot 5 · detention FEMA 1% annual-chance flood hazard 10-ft contour, elevation in feet

Sources: contours and parcel frame, Bastrop Central Appraisal District map exports of November 12, 2026 (BIS Consulting). Flood hazard, FEMA National Flood Hazard Layer, retrieved November 12, 2026. Boundary and lots, Final Plat, Rhode Tract Subdivision (BGE, Inc.), fitted to the CAD parcel corners within about 5 ft. For information only. This exhibit is not a survey and was not prepared for legal, engineering or surveying purposes; all locations are approximate.

Detail of the plat at Lot 5 showing approximate flood boundary lines
As drawn on the plat, sheet 1: approximate 100- and 500-year flood boundaries at the west line beside Lot 5.
TopographyAbout 40 to 60 feet of rise.

The ground climbs from northwest to southeast. Contours from 510 to 550 ft cross the tract: the US‑290 pads sit at roughly 510–530 ft, and the hotel pad and Phase 2 tracts at roughly 510–550 ft. Grading needs a topographic survey and civil design.

FloodplainThe mapped hazard lies to the west.

FEMA Zones A and AE follow the creek west of the tract and cross to the north side of US‑290. As plotted here, the mapped hazard stops about 115 ft short of the west line nearest Lots 1 and 5. Plat note 2, however, says a portion of the tract lies in the flood hazard area, and the plat draws approximate 100- and 500-year lines at the west line beside Lot 5. Neither source fixes the boundary lot by lot; that needs a surveyor or engineer.

DrainageDetention is platted along the west line.

Lot 5 (1.790 ac) is platted for detention, privately owned and maintained per plat notes 13 and 16. Capacity, construction status and any on-lot requirements are to be confirmed with the project engineer and the City.

48021C0075EFEMA panel · effective Jan 19, 2006 · revised by LOMR 07‑06‑0779P, effective Aug 30, 2007
Zones A and AEMapped hazard · 1% annual chance · on land west and north of the tract as currently mapped
1 ft above 100-yearSlab elevation · plat note 17, for lots adjacent to or affected by the floodplain
510–550 ftContours crossing the tract · per Bastrop CAD

Flood boundaries, grades, buildable area, floor elevations and insurance need engineering and regulatory review.

Why this location

Growth is
the anchor.

Elgin Commons sits where the three things retailers underwrite already overlap: a trade area of nearly 54,000 people growing 4% a year, family households that own their homes and earn six-figure average incomes, and the highway that carries them to and from Austin every day. The figures below are all measured inside a 15-minute drive of the site.

A small city already lives within fifteen minutes.

The 15-minute trade area holds 53,950 residents today, up 38% since the 2020 Census.

53,950Residents · 2025

Another 11,700 neighbors are on the way.

Esri projects 65,627 residents by 2030 — growth of 4.0% a year, several times the national pace.

65,627Residents · 2030

Households are forming even faster.

17,733 households today, adding more than 800 new households every year through 2030.

4.45%Household growth / yr

They are homeowners putting down roots.

Four of five households own their home, and owner households are the fastest-growing group at 4.7% a year.

81%Owner-occupied

Incomes support national retail.

Average household income tops $109,000; the median is $91,906 and projected to reach $104,897 by 2030.

$109,523Avg household income

And US‑290 puts the traffic at the curb.

The Austin–Elgin highway carries 35,780 vehicles a day past 1,577 feet of Elgin Commons frontage.

35,780Vehicles / day · TxDOT 2025
34.8 yearsMedian age — a young, family-forming trade area
3.03 peopleAverage household size, well above the U.S. norm
22% under 15More than one in five residents is a child

Demographics: Esri 2025 / 2030, 15-minute drive time · Traffic: TxDOT 2025 AADT.

The trade area

38% more
neighbors in
five years.

The 15-minute trade area added roughly 14,900 residents between the 2020 Census and 2025, and Esri projects another 11,700 by 2030. Two-thirds of its households earn between $60,000 and $200,000.

Population within a 15-minute drive of the site.

5, 10 and 15 minutes from the site
5 min10 min15 min
People and households
Population, 202511,33825,15253,950
Population, 203014,14731,66165,627
Households, 20253,8028,21717,733
Owner-occupied housing units3,0056,69314,400
Median age35.335.234.8
Income
Average household income$102,924$104,551$109,523
Median household income$85,690$87,690$91,906
Annual growth, 2025–2030
Population4.53%4.71%4.00%
Households4.68%5.09%4.45%

Drive times from the site. Esri forecasts for 2025 and 2030; U.S. Census 2020.

The retail gap

The spending is here.
The stores are not.

Three kinds of evidence sit behind that headline, and they carry different weight. Modeled spending shows what trade-area households can support. A store-by-store inventory shows which national formats are missing today. How much of that spending currently leaves the trade area has not yet been measured.

Modeled demand

Esri 2025 estimates · 15-minute drive time
$71.3M

Estimated annual spending on food away from home

$41.5M

Estimated annual spending on apparel and services

108

Children’s apparel spending index (U.S. average = 100)

These are consumer-spending model estimates, not sales receipts.

Observed inventory

CIP void analysis and operator inventory · June 2026
None found

National casual-dining brands within 5 miles; the nearest are about 9 miles west

None found

National off-price or value-apparel stores within 5 miles; the nearest is 9.1 miles away

None found

Dedicated pet-supply stores or national drive-thru coffee formats within 5 miles

Grocery, pharmacy, banking, fuel, fitness and quick-service food are already well served at the Walmart and H‑E‑B node. Local apparel boutiques operate in town.

Market leakage

Not yet independently measured

A supply-versus-demand leakage study for the 15-minute trade area has not been completed, so this site does not state a leakage figure.

What the evidence supports today: households with the modeled spending capacity for these categories, and no national operator found in them within five miles.

Sources: Esri Consumer Spending and Market Potential (2025) · CIP void analysis and operator inventory (June 2026).

Elgin, Texas

A city up 37%
since 2020.

And the rooftops are already entitled.

13,327
City of Elgin residents, July 2025Up 37.4% since 2020 and 6.3% in the latest year · U.S. Census Bureau, Vintage 2025
118,908
Bastrop County residentsUp 22.3% since 2020 · U.S. Census Bureau, Vintage 2025
No. 1
“Hottest housing market in the Austin metro”ZIP 78621, Q2 2025 · Austin Business Journal, July 2025
PD
Planned-development zoning in placeApproved by Elgin City Council, July 2024 · Elgin Courier
8,761
Single-family lots entitled in six communitiesBrickston 1,900 · Lund Farm 1,856 · Trinity Ranch 1,716 · Harvest Ridge 1,171 · Elgin Gateway 770 · Briarwood 700, plus 648 multifamily units at Lund Farm

Entitled lot counts per City of Elgin publications (2022–2023) and the Elgin Courier (2024). Entitlement figures, not current build status.

Where Elgin shops, studies and lives
Interim exhibit · annotated aerial in production 290 290 Lee Dildy Blvd County Line Rd Trinity Ranch Saratoga Farms Peppergrass Harvest Ridge Eagle’s Landing Briarwood WALMART H‑E‑B ACC ELGIN CAMPUS ELGIN HIGH SCHOOL DOWNTOWN ELGIN Historic Main Street ELGIN COMMONS 1 MILE N
Elgin Commons Retail and civic anchors Residential communities City of Elgin

Site marker is approximate; see the site plan for platted boundaries. Roads and city limits: U.S. Census Bureau TIGER/Line. Place locations: OpenStreetMap contributors.

The region

Growth on every side.

TRAVIS CO. WILLIAMSON CO. BASTROP CO. LEE CO. 290 290 95 95 71 130 79 35 TAYLOR ≈17 MI BY ROAD BASTROP ≈19 MI BY ROAD HUTTO McDADE MANOR≈10 MI BY ROAD ELGIN AUSTIN≈24 MI BY ROAD SAMSUNGTaylor semiconductor campus SPACEX · THE BORING COMPANYBastrop · FM 1209 TESLAGiga Texas ELGIN COMMONS 10 MILES N

The next stop on the US‑290 corridor.

Retail development has followed rooftops east from Austin along US‑290. Manor, ten miles west of the site, has added thousands of residents and a new anchored shopping center since 2020. Elgin is the next city out, with its own 37% population growth and an established Walmart and H‑E‑B node. Elgin Commons offers sixty platted acres on the highway for the corridor’s next stage of commercial growth.

10MIManorWest · US‑290
24MIAustinWest · US‑290
17MITaylorNorth · SH‑95
19MIBastropSouth · SH‑95

Approximate driving distance from Elgin Commons to each city center.

North on SH‑95

Taylor and Samsung

Samsung’s Taylor semiconductor campus, about 21 miles from the site by road, is part of a $37 billion Central Texas investment backed by up to $4.745 billion in federal CHIPS funding. The first fab is ramping toward production in 2026–2027.

South on SH‑95

Bastrop, SpaceX and The Boring Company

SpaceX builds Starlink hardware on FM 1209, about 18 miles from the site by road, with about 1,590 employees and a proposed $855 million expansion. The Boring Company is headquartered alongside.

West on US‑290

Manor, Austin and the growth corridor

Manor, the principal growing city between Austin and Elgin, reached 23,070 residents in 2025, up 68.7% from its 2020 base, and added the roughly 150,700 SF Manor Crossing shopping center in 2025–2026. Tesla’s Giga Texas, with roughly 16,500 employees, is about 20 miles from the site by road.

Regional context only · neighboring cities and employers are not counted in the Elgin Commons trade area.

Let’s walk the site

Build at
Elgin
Commons.

Plat, lot schedule and pricing guidance available on request.

BrokeragePhil MorrisDirector of Retail phil@cipaustin.com 512 680 1547
BrokerageTim TranAssociate tim@cipaustin.com 512 887 0088
Materials Brochure · PDF Project video in production