5401 Airport Highway 21 Highway, Maxwell TX 78656
Maxwell, TX 78656 · Thomas G McGehee Surv
Single Family Residence for sale in Thomas G McGehee Surv
Overview
Property Description
B&C Storage offers a compelling investment blending stabilized income, private residential amenities, and strong redevelopment potential. Situated on ~25.85 acres along the expanding Highway 21 corridor in Maxwell, Texas, this mixed-use property is well positioned to benefit from Central Texas’ explosive growth. The front 4 acres host a covered Boat & RV storage facility with 152 rentable units across three metal-framed structures totaling ~74,760 SF. Currently ~85% occupied, the facility features keypad-secured gate access and a 12’ x 16’ moveable office. Notably, the storage portion has been released from the City of San Marcos’ ETJ, offering greater flexibility for improvements or expansion. Investors can raise rents, lease remaining units, or convert to fully enclosed or climate-controlled storage. Beyond the commercial area, the balance of the property includes a well-appointed owner’s residence and large workshop, privately located at the rear. Built in 2013, the custom 3,144 SF home offers 3 bedrooms, 2.5 baths, an office, stained concrete floors, and a metal roof—ideal for an owner-operator, onsite manager, or long-term live/work investment. A 40’ x 60’ metal workshop with slab and electricity sits adjacent to the residence, providing ample storage or business-use space. Located just north of San Marcos Regional Airport, the property has ~500 feet of frontage along Hwy 21 and sits minutes from I-35, offering excellent access to San Marcos, Austin, and San Antonio. The submarket is rapidly developing, with several new subdivisions underway within 3 miles. Whether you’re seeking reliable cash flow with land appreciation upside, a flexible redevelopment site, or a live/work opportunity, B&C Storage delivers a unique offering in one of Central Texas’ fastest-growing corridors.
Financial Info
- Price
- $3,485,000
- $ / Sqft
- $1108
- HOA
- None
- Tax Rate
- 1.51%
- Est. Taxes
- $18,350
- Tax Year
- 2024
- Exemptions
- Agricultural, Homestead, Over 65
Legal Info
- Address
- 5401 Airport Highway 21 Highway
- County
- Hays
- City
- Maxwell
- State
- TX
- Zip
- 78656
- Subdivision
- Thomas G McGehee Surv
- Legal Description
- PID - R11321 - A0011 Thomas G Mcgehee Survey, Tract Pt Of 32, Acres 11.85 (1.00 Ac Hs) PID - R163026 - A0011 Thomas G Mcgehee Survey, Tract Pt 32, Acres 9.99 PID - R70053 - A0011 Thomas G Mcgehee Survey, Tract Pt Of 32, Acres 4.01
- Parcel
- PID - R11321, R163026, R70053
Interior Features
- Floor
- Concrete, Tile
- Num Living
- 1
- Dining
- 1
- Appliances
- Built-In Oven(s), Built-In Refrigerator, Dishwasher, Propane Cooktop, Refrigerator
- Laundry
- Laundry Room
- Master Bed
- Walk-In Closet(s)
- Master Main
- Yes
- Fireplaces
- 1
- Fireplace Description
- Free Standing
- Interior Features
- Ceiling Fan(s), High Ceilings, Soaking Tub, Walk-In Closet(s), See Remarks, None
General Info
- Beds
- 4 Total / 3 Main Level / 1 Other Level
- Full / Half Baths
- 2 / 1
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 2
- Year Built
- 2013 / Updated/Remodeled
- Square Feet
- 3,144 / Appraiser
- Garages
- 2
- Garage Desc
- Covered, Garage
- Foundation
- Slab
- Roof
- Metal
- Construction
- Frame, HardiPlank Type, Stone
- Acres
- 25.85
- Lot Description
- Sloped Down, Trees-Medium (20 Ft - 40 Ft), Views
- Restrictions
- None
- Flood Plain
- No
- View
- Pasture
- Water Access
- No
- Waterfront
- No
- Area
- HS
Utility Info
- Water
- Public
- Sewer
- Septic Tank
- Utilities
- Electricity Connected, Propane, Sewer Not Available, Water Connected
- Heat
- Central
- A C
- Central Air
Exterior Features
- Fence
- Partial, Perimeter
- Exterior Features
- Gutters Partial, Covered
- Pool On Property
- No
- Area Amenities
- None
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 11, 2026 | Back On Market | — | |
| Aug 11, 2026 | Active Under Contract | — | |
| Sep 2, 2025 | New Listing | — |
Taxes
Schools
School Info
- District
- SanMarcosCONSISD
- Elementary
- Travis
- Middle
- Goodnight
- High
- San Marcos
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$22,055 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $22,055
- Principal & interest
- $17,622
- Property taxes
- $1,529
- Homeowners insurance
- $2,904
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $2,788,000 | $31,162 | $180,302 | $2,756,838 | |
| 2 | $2,756,838 | $33,249 | $178,216 | $2,723,589 | |
| 3 | $2,723,589 | $35,476 | $175,989 | $2,688,113 | |
| 4 | $2,688,113 | $37,852 | $173,613 | $2,650,261 | |
| 5 | $2,650,261 | $40,387 | $171,078 | $2,609,874 | |
| 6 | $2,609,874 | $43,092 | $168,373 | $2,566,782 | |
| 7 | $2,566,782 | $45,978 | $165,487 | $2,520,805 | |
| 8 | $2,520,805 | $49,057 | $162,408 | $2,471,748 | |
| 9 | $2,471,748 | $52,342 | $159,123 | $2,419,406 | |
| 10 | $2,419,406 | $55,848 | $155,617 | $2,363,558 |
- Year 1$2,756,838
- Principal paid
- $31,162
- Interest paid
- $180,302
- Starting balance
- $2,788,000
- Year 2$2,723,589
- Principal paid
- $33,249
- Interest paid
- $178,216
- Starting balance
- $2,756,838
- Year 3$2,688,113
- Principal paid
- $35,476
- Interest paid
- $175,989
- Starting balance
- $2,723,589
- Year 4$2,650,261
- Principal paid
- $37,852
- Interest paid
- $173,613
- Starting balance
- $2,688,113
- Year 5$2,609,874
- Principal paid
- $40,387
- Interest paid
- $171,078
- Starting balance
- $2,650,261
- Year 6$2,566,782
- Principal paid
- $43,092
- Interest paid
- $168,373
- Starting balance
- $2,609,874
- Year 7$2,520,805
- Principal paid
- $45,978
- Interest paid
- $165,487
- Starting balance
- $2,566,782
- Year 8$2,471,748
- Principal paid
- $49,057
- Interest paid
- $162,408
- Starting balance
- $2,520,805
- Year 9$2,419,406
- Principal paid
- $52,342
- Interest paid
- $159,123
- Starting balance
- $2,471,748
- Year 10$2,363,558
- Principal paid
- $55,848
- Interest paid
- $155,617
- Starting balance
- $2,419,406
Nearby
Courtesy of Classen Realty Group · (512) 402-5263
Listings courtesy of ACTRIS as distributed by MLS GRID.