7.67+/- Acre Residential Development Site | San Antonio, TX

Highlights:

• The property is zoned partially MF-33 (maximum of 33 units per acre) and partially R-6 (min. 6,000 SF lots), which allows for a variety of different multifamily and residential development opportunities. 
• Located within the highly acclaimed Northside Independent School District, (B+ ranking on Niche.com), schools within the Site's attendance zone include Driggers Elementary School, Neff Middle School, and Holmes High School.
• The Site is located along Border Brook, less than a mile east of Interstate 410 offering seamless connectivity to the San Antonio-New Braunfels MSA along with other major Texas markets such as Austin, Houston, and Dallas.
• Approximately 4 miles south of the South Texas Medical Center, the Site is near one of the city’s largest employment hubs which employs around 30,000.
• Located within the highly acclaimed Northside Independent School District, (B+ ranking on Niche.com), schools within the Site's attendance zone include Driggers Elementary School, Neff Middle School, and Holmes High School.
• Adjacent to the property is to the Leon Creek Greenway, a trail system containing 20+ miles of trails.
• San Antonio’s population reached 2,703,999 by the end of 2023, a 5.27% increase from 2020, per the U.S. Census Bureau and is expected to grow another 5.5% by 2029 per Synergos Technologies.
• Within a three-mile radius of the Site there is a strong local market, the median household income averages $63,017, according to Esri. This highlights the area’s strong consumer base and potential demand for rental housing.
• Per Costar, asking multifamily rents per square foot in this property’s submarket for Class A deals is reaching up to $1.86 as of December 2024. 

Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers, builders, and investors the opportunity to purchase a 7.67+/- acre residential development Site located at 6903 Border Brook in San Antonio, TX (the “Site”) less than a mile east of Interstate 410. Approximately half of the Site is zoned MF-33 (multifamily) with the remainder being R-6 (single-family). Given the Site's zoning, a potential Buyer could purchase with the intent to rezone the property entirely for multifamily or single-family. The Site is located near Ingram Mall in addition to various national retailers. This is a great opportunity to acquire a property at a very low price of only $2.54 per square foot.

To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/gj7n8kvnuhvugb7g

In the event you are or are utilizing a third party broker, a 2.5% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity; a third-party broker must identify and register their client upon initial contact with VREA.

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