502 Martin Luther King Jr DR, Bastrop TX 78602
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About This Property
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
Features
- None
Location
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Property Details
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Tax Information
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Listing History
| Sep 14, 2026 | Price Change | $165,000 | |
| Jun 4, 2026 | Off Market | ||
| Jun 4, 2026 | Pending | ||
| May 14, 2026 | Listed | Listing Courtesy of Beycome Brokerage Realty LLC - steve@beycome.com | $199,999 |
Frequently Asked Questions About 502 Martin Luther King Jr DR, Bastrop TX 78602
When was 502 Martin Luther King Jr DR, Bastrop TX 78602 built?
502 Martin Luther King Jr DR, Bastrop TX 78602 was built in 1905. It is none construction with 1,036 square feet on a 0.54 acre lot.
How much does 502 Martin Luther King Jr DR, Bastrop TX 78602 cost?
502 Martin Luther King Jr DR, Bastrop TX 78602 is listed for sale at $165,000. That is $159 per square foot.
How many bedrooms and bathrooms does 502 Martin Luther King Jr DR, Bastrop TX 78602 have?
502 Martin Luther King Jr DR, Bastrop TX 78602 has 2 bedrooms and 1 bathrooms (1 full) with 1,036 square feet of living space.
What school district is 502 Martin Luther King Jr DR, Bastrop TX 78602 in?
502 Martin Luther King Jr DR, Bastrop TX 78602 is in the Bastrop ISD school district. Assigned schools include Bluebonnet (Bastrop ISD) (elementary), Bastrop (middle), Bastrop (high school).
What are the property taxes on 502 Martin Luther King Jr DR, Bastrop TX 78602?
The annual property taxes on 502 Martin Luther King Jr DR, Bastrop TX 78602 are $6,800 (as of 2026). The tax assessed value is $270,482.
How big is the lot at 502 Martin Luther King Jr DR, Bastrop TX 78602?
The lot at 502 Martin Luther King Jr DR, Bastrop TX 78602 is 0.54 acres, and the home has 1,036 square feet of living space.
What type of property is 502 Martin Luther King Jr DR, Bastrop TX 78602?
502 Martin Luther King Jr DR, Bastrop TX 78602 is a residential property on a raised foundation.
Does 502 Martin Luther King Jr DR, Bastrop TX 78602 have a garage?
502 Martin Luther King Jr DR, Bastrop TX 78602 has parking. Parking features include none.
What subdivision is 502 Martin Luther King Jr DR, Bastrop TX 78602 in?
502 Martin Luther King Jr DR, Bastrop TX 78602 is located in the Building Blk subdivision in Bastrop, TX. Community features include none.
How long was 502 Martin Luther King Jr DR, Bastrop TX 78602 on the market?
502 Martin Luther King Jr DR, Bastrop TX 78602 was on the market for 115 days, listed on May 14, 2026.
What heating and cooling does 502 Martin Luther King Jr DR, Bastrop TX 78602 have?
502 Martin Luther King Jr DR, Bastrop TX 78602 has none heating and none cooling.
What are the roof and foundation at 502 Martin Luther King Jr DR, Bastrop TX 78602?
The listing reports a aluminum roof and a raised foundation at 502 Martin Luther King Jr DR, Bastrop TX 78602.
What financing does the seller of 502 Martin Luther King Jr DR, Bastrop TX 78602 accept?
The listing says the seller accepts cash financing.
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