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
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
Listing Provided Courtesy of Beycome Brokerage Realty LLC
Property Details
Price:
$199,999
MLS #:
3456787
Status:
Pending
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Building Blk
Listed Date:
May 14, 2026
Finished Sq Ft:
1,036
Lot Size:
23,522 sqft / 0.54 acres (approx)
Year Built:
1905
See this Listing
Schools
School District:
Bastrop ISD
Elementary School:
Bluebonnet (Bastrop ISD)
Middle School:
Bastrop
High School:
Bastrop
Interior
Appliances
None
Bathrooms
1 Full Bathroom
Cooling
None
Flooring
Wood
Heating
None
Interior Features
None
Levels
One
Main Level Bedrooms
2
Exterior
Accessibility Features
None
Community Features
None
Direction Faces
East
Exterior Features
None
Fencing
None
Lot Features
Corner Lot
Other Structures
None
Parking Features
None
Patio And Porch Features
None
Roof
Aluminum
View
None
Waterfront Features
None
Window Features
Wood Frames
Financial
Taxes
$6,800
Map
Community
- Address502 Martin Luther King Jr DR Bastrop TX
- SubdivisionBuilding Blk
- CityBastrop
- CountyBastrop
- Zip Code78602
Subdivisions in Bastrop
- 1209 Estates
- 16/C/2
- A11 – Bastrop Town Tract
- A11 Bastrop Town Tract
- A84
- ABS A70 WILBARGER, JOSIAH,15.5 ACRES
- Adelton
- And Betty Banks
- Ashland Pines
- Austin Stephen F
- Austin, Stephen F
- Bangs, J Manuel
- Barker, Leman
- Bastrop
- Bastrop – Rural
- Bastrop City 003
- Bastrop County Oaks
- Bastrop Grove
- Bastrop Grove Ph 1B Sec 4
- Bastrop Grove Sec 4 Ph 1A
- Bastrop Grove Sec 4 Ph 1B
- Bastrop Hills Homesites
- Bastrop lakes
- Bastrop Town Tr
- Bastrop Town Tract
- Bastrop West Comm
- Black, Albert
- Blakey, Nancy
- Building Blk
- BUILDING BLOCK 47 E W ST
- C J O Add
- Camp Swift Ranch
- Camp Swift Ranches
- Cassena Ranch
- Cedar Creek Bend Ph Two-A
- Circle D
- Circle D East
- Circle D, Section 1
- Clearview Estates
- Colony
- Colony Mud
- Colony Mud 1A Ph B Sec 3
- Colony Mud 1B
- Colony Mud 1B Sec 2
- Colony Mud 1B Sec 3
- Colony Mud 1B Sec 4
- Colony Mud 1B Sec 5
- Colony Mud 1C Sec 2
- Colony Mud 1C Sec 5
- Colony Mud 1C Sec 6
- Colony Mud 1E Ph B Sec 2
- Colony Mud 1E Sec 2
- Colony Neches Trails
- Colony Riverside
- Colorado Estates
- Colorado Shores Ltd
- Colovista Country Club
- Colovista Estates
- Colovista Estates Section Two
- Colovista Townhomes
- Colovista Twnhms
- Curtis, Washington
- Deer Trail
- Deloya Subdivision
- Dulaney Estates
- El Camino Real
- Emerson 71 Sub
- Estelle
- Farm Lot
- Farm Lt
- Fm 969 Ranchettes
- French, Samuel
- Green Acres
- Green Oaks
- GRIESENBECK
- Harris, Isaac
- Higgins Add
- Highsmith, A M
- Highsmith, Teresa
- Holiday Hills
- Hunters Crossing
- Hunters Crossing Sec Five
- Hunters Crossing Sec Four A
- Hunters Crossing Sec Seve
- Jenkins, Edward
- John Wessels Sub
- JOSIAH WILBARGER
- K C Estate
- K C Estates
- K C Estates Sec 04
- K C Estates Sec 3
- Knight, Jas & Wcwhite
- Lake Bastrop Acres
- Lake Bastrop Acres Sec 1
- Lake Bastrop Club
- Lake Bastrop Estate
- LAKE BASTROP ESTATES
- Lake Bastrop Estates Un 1
- Lake Bastrop Estates Un 3
- Lake Bastrop Pines
- Lake Bastrop Ranchettes
- Lake Thunderbird
- Legends Cove Sec One
- Lentz, Jacob G
- Leverence, L
- Lira Subdivison
- Lone Star Storage Sub
- Lot 10 Block A The Colony MUD 1A Section 3
- Magnolia Park
- neighborhood
- Onley
- Owen, Robert
- Paramore
- Pecan Park
- Pecan Park Residential Sec
- Pecan Park Sec
- Pecan Park Sec 1B
- Pecan Park Sec 3C
- Pecan Park Sec 7
- Pecan Street Sub
- Pecan Valley
- Pine Forest
- Pine Forest Unit 10 P Iii
- Pine Forest Unit 11 P III
- Pine Forest Unit 12 P Iii
- Pine Forest Unit 6 Ph II
- Pine Forest Unit 7 Ph Iii
- Pine Forest Unit 8 Ph Iii
- Pine Forest Unit 9 Ph III
- Pine Hill Estates
- Pine Oak Estate
- Pine Oak Estates
- Pine View Estates
- Piney Creek Bend
- Piney Creek Bend Ph 2-A
- Piney Ridge
- Piney Ridge Sec 3 Rep
- River Meadows – Ph One
- River Meadows – Ph Two
- RIVER’S BEND AT PECAN PARK
- Riverchase Mobile home park
- Riverside Grove
- Riverside Grove Ph
- Riverside Grove Ph. 3
- Riverside Grove Sub Ph
- Riverwood Acres
- Rousseau, Mozea
- Royal Pines Estates
- S5181
- S6140
- S7222
- S7980
- S7980 – Tahitian Village, Unit 1
- S7982 – Tahitian Village, Unit 2
- Samuel Wolfenberger Surv
- Suburbia Estates
- Tahitian
- Tahitian Village
- Tahitian Village POA
- Tahitian Village U2
- Tahitian Village Un 02
- Tahitian Village Unit 01
- Tahitian Village Unit 1
- Tahitian Village Unit 4
- TAHITIAN VILLAGE UNIT 5
- Tahitian Village,
- Tahitian Village, Unit 1
- Tahitian Village, Unit 2
- Tahitian Village, Unit 3
- Tahitian Village, Unit 5
- Tahitian Villages
- Teresa Highsmith
- The Colonty
- The Colony
- The Colony – Bandera Pass
- The Colony – Coleton Meadow
- The Colony Mud
- The Colony Mud 1A Ph A Sec 3
- The Colony Mud 1A Sec 3
- The Colony Mud 1a, Sec 1,
- The Colony Mud 1A, Sec 2A
- The Colony Mud 1A, Sec 2B
- THE COLONY MUD 1C
- The Colony Mud 1D Sec 1 Ph
- THE COLONY MUD 1E
- The Colony Mud 1E Sec 2 Ph
- The Colony Mud Id Sec 1 Ph B
- The Happy Toad
- The Woodlands
- Thomas, B.A.M., Reid, James
- Thomas, Bam
- Thomas, Bam, Reid, James
- Tierra Tres
- Townsend Add
- VALVERDE
- Vista West
- Walter White
- West Bastrop Village Ph 1 Sec 1
- Whispering Pines
- Wilbarger, Josiah
- Wilburn, Matilda
- Wilson St Sub
- Wolfenberger, Saml
- Woodrun Sub
- Woods, Leander
- Woodway
Market Summary
Current real estate data for Single Family in Bastrop as of Jun 10, 2026
435
Single Family Listed
108
Avg DOM
219
Avg $ / SqFt
$547,750
Avg List Price
Property Summary
- Located in the Building Blk subdivision, 502 Martin Luther King Jr DR Bastrop TX is a Single Family for sale in Bastrop, TX, 78602. It is listed for $199,999 and features 2 beds, 1 baths, and has approximately 1,036 square feet of living space, and was originally constructed in 1905. The current price per square foot is $193. The average price per square foot for Single Family listings in Bastrop is $219. The average listing price for Single Family in Bastrop is $547,750. To schedule a showing of MLS#3456787 at 502 Martin Luther King Jr DR in Bastrop, TX, contact your Stripe Realty agent at 512-439-2122.
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502 Martin Luther King Jr DR
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