RARE DEVELOPMENT OPPORTUNITY!! This 381 acres is the last large acreage property located adjacent to the Kerrville City Limits a mile from downtown and overlooking the beautiful Guadalupe River Valley. Also available in 3 tracts (145, 132 & 103 acres). Located on Thompson Dr with a daily traffic count of 10,392 and ~3,000 ft of road frontage this is a prime residential or commercial development property. The entire property consists of 381 acres (~25+ ac commercial) with lower-lying residential building spots and several high ridges with beautiful breathtaking hill country views. Several spring-fed ponds are located throughout. The property is bordered by several developments and a 130 ac preservation land association property. A regional hospital and doctor offices, grocery and big box stores within 10 minutes and San Antonio less than an hour away. The property has a second entrance off of Sheppard Rees Rd. City water and sewer is available if incorporated into the city limits. Whether you're looking for a great investment opportunity, a gentleman's ranch, horse property, or a commercial and residential development, this property presents a possible combination of all of these.