This is the last large acreage gentleman's ranch, residential and commercial development located adjacent to the Kerrville city limits near downtown and overlooking the beautiful Guadalupe River Valley. Located on Thompson Dr with a daily traffic count of 10,392 and ~3,000 ft of road frontage this is a prime commercial development property. The entire property consists of 384 acres (~25 ac commercial) with lower-lying residential building spots with views and several high ridges with beautiful hill country views and other building sites overlooking Kerrville. Several spring feed 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 (3 min) are very close, grocery (5 min), and big box stores are 10 mins or less away. The property is accessed off of Thompson Dr with a second entrance off of Sheppard Rees Rd. City water and city sewer (2 taps) are available along Thompson Dr. Out of flood plain! Whether you're looking for a great investment opportunity, a city ranch, or a commercial and residential development, this property presents a possible combination of all of these! Ag Exempt.