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:
$165,000
MLS #:
3456787
Status:
Active
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
- 969 Sub
- A11
- A11 – Bastrop Town Tract
- A165 – French, Samuel
- A3 – Austin, Stephen F.
- A365 A365 – Wallace, Jas. P.
- ABS A225 Leverence, L.,TRACT 3, 6.52 ACRES
- Adelton
- And Betty Banks
- Ashland Pines
- Austin Stephen F
- Austin, Stephen F
- austinstephen F
- Baham Interests Subdivision
- Barker, Leman
- Bastrop – Rural
- Bastrop Grove
- Bastrop Grove Sec 4 Ph 1A
- Bastrop Grove Sec 4 Ph 1B
- Bastrop Town Tr
- Bastrop Town Tract
- Bastrop West Comm
- Bastrop Woods
- Blakey Nancy
- Blakey, Nancy
- Building Blk
- Bunton, John W
- Camp Swift Cabins
- Camp Swift Estates
- Camp Swift Ranch
- Caprice Dotson Sub
- Cassena Ranch
- Circle D
- Circle D East
- CIRCLE D SEC 6
- Clearview Estates
- Colony
- Colony Mud 1B Sec 1
- Colony Mud 1B Sec 3
- Colony Mud 1B Sec 5
- Colony Mud 1C Sec 1
- Colony Mud 1C Sec 3
- Colony Mud 1C Sec 4
- Colony Mud 1C Sec 5
- Colony Mud 1E Ph B Sec 2
- Colony Riverside
- Colorado Shores Ltd
- Colovista Country Club
- Colovista Estates
- Colovista Estates Section Two
- Colovista Townhomes
- Curtis, Washington
- Del Webb Lost Pines at The Colony
- Deloya Subdivision
- Dewitty Acres
- Dulaney Estates
- Dykes, Dennis
- El Camino Real
- Farm Lot
- Farm Lt
- Final Plat/Pecan Park
- Fm 969 Ranchettes
- French Samuel
- Green Oaks
- Harmony Acres
- Hasler River Shores
- Higgins Add
- Highsmith, A M
- Holderman David
- Holiday Hills
- Holliday Hills
- Hunters Crossing
- Hunters Crossing Sec Five
- Hunters Crossing Sec Seve
- Hunters Crossing Sec Three
- Hunters Crossing Section 3-E, Block A, Lot 5,
- ISAAC HARRIS
- Jacobs Landing
- James Knight & Walter C White
- Jenkins Edward
- Jenkins, Edward
- JEWEL AND BETTY BANKS SUBDIVISION
- John Wessels Sub
- Jpj
- K C Estates
- Kelly
- Knight, Jas & Wcwhite
- La Condesa
- Lake Bastrop Acres
- LAKE BASTROP ACRES SEC 1
- Lake Bastrop Club
- LAKE BASTROP ESTATES
- Lake Bastrop Estates Un 1
- Lake Bastrop Estates Un 2
- Lake Bastrop Estates Un 3
- Lake Bastrop Estates Unit 1
- Lake Bastrop Pines
- Lake Bastrop Ranchettes
- Lake Bastrop Sec 1
- Lake Thunderbird
- LBA
- Lone Star Acres
- Lost Pines
- Lost Pines Dev
- Nancy Blakey
- NBHD0512 ELGIN RURAL 002
- North Pecan
- Patti Tracts
- Pecan Park
- Pecan Park Residential Sec
- Pecan Park Residential Sec 5b
- Pecan Park Sec 1B
- Pecan Park Sec 2
- Pecan Park Sec 7
- Pecan Park Section 2
- PECAN PARK Section 7
- 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 15 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 Estates
- Pine View Estates
- Piney Creek Bend
- Piney Creek Bend Sec One
- Piney Crk Bend
- Piney Ridge
- Piney Ridge Sec 1 Rep
- RIVER’S BEND AT PECAN PARK
- Riverchase Mobile Home Park
- Riverside Grove
- Riverside Grove Ph
- Riverside Grove Sub Ph
- Riverwood Acres
- Rousseau Mozea
- Rousseau, Mozea
- S5220 – Belltaire I
- S5310
- S5535 – Circle D Sec 1
- S6381 – Lake Bastrop Acres Sec 1
- S7222
- S7980
- Saigon Plaza Add
- Settlement On The Colorado
- Silent Valley
- Suburbia Estates
- Synergy Centre
- tahitian
- Tahitian Village
- Tahitian Village POA
- Tahitian Village Unit 02
- Tahitian Village Unit 03
- Tahitian Village Unit 05
- TAHITIAN VILLAGE UNIT 1
- Tahitian Village Unit 2
- 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 4
- Tahitian Village, Unit 5
- The Colony
- The Colony – 45′
- The Colony – 50′
- The Colony – Coleton Meadow
- The Colony – Pine Cove
- The Colony Bandera Pass
- The Colony Mud
- The Colony Mud 1A Sec 2B
- 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 Sec Two
- The Village At Colovista
- The Village Of Colovista
- The Woodlands
- Thomas Bam
- Thomas Bam – Reid James
- VALVERDE
- Vista West
- Walnut Creek Place
- West Bastrop Village Ph 1 Sec 1
- West Bastrop Village Sec 1 Ph 1
- Whispering Pines
- Woodrun Sub
- Woods, Leander
- Wright, Jemima
- Young Sub
Market Summary
Current real estate data for Single Family in Bastrop as of Nov 03, 2026
361
Single Family Listed
124
Avg DOM
220
Avg $ / SqFt
$483,545
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 $165,000 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 $159. The average price per square foot for Single Family listings in Bastrop is $220. The average listing price for Single Family in Bastrop is $483,545. To schedule a showing of MLS#3456787 at 502 Martin Luther King Jr DR in Bastrop, TX, contact your Ensor & Co., Realtors agent at 512-640-9277.
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