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ActiveMLS #3319015

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

4Bedrooms
2 full / 1 halfBathrooms
3,144Square Ft
25.85Acres
2Garage
2013Year Built
Back on Market
1 / 38
$3,485,000
3D tour

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

Members only
Days on market
$3,485,000
List price
0
Price reductions
Active
Since Sep 2, 2025
Property history3 events
DateEventPriceChange
Sep 11, 2026Back On Market
Aug 11, 2026Active Under Contract
Sep 2, 2025New Listing

Taxes

Tax data isn’t available for this property’s county yet.

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

List price $3,485,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

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.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal 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
First 10 of 30 years

Nearby

Courtesy of Classen Realty Group · (512) 402-5263

Listings courtesy of ACTRIS as distributed by MLS GRID.