The Hutto ISD board of trustees approved the sale of 1.22 acres of land near the corner of FM 685 and Carl Stern Boulevard to a commercial real estate firm at the board's Oct. 9 meeting.
Intellitrust Commercial Realty purchased the property for $315,000. HISD Superintendent Doug Killian said a day care facility would be developed at the property.
"[The property] is no longer necessary for the operation of the school district, and [it] is in the best interest of the school district to sell the property," according to the HISD resolution.
HISD has been working to sell off the 3.88-acre, so-called "old tennis court property" since September 2013. CVS pharmacy bought 1.87 acres of the property and has begun construction on a new store.
The property is situated across the street from Hutto High School. A Golden Chick restaurant and a car wash have been built next to the site.
Hutto officials said they expect more development in the vicinity because Carl Stern Boulevard will be extended to the SH 130 frontage road.