Multifamily/Build To Rent (BTR) 9.1 Acres Land

Description:

Prime commercial lot available for sale in the City of Live Oak; behind the intersection of Loop 1604 and Lookout Rd. This is of the last large pieces of undeveloped land in the City of Live Oak. 9.1 acres behind the intersection is available immediately for sale. This land is ideal for Multifamily development and will accomodate 22 units per acre for R-5 zoning (Apartment/Multifamily). Per city of Live Oak, Multifamily housing is allowed in a B-3 zone through a specific use permit or through a rezoning to a planned unit development, the density can be allowed to increase from 22 to 25 units per acre. Additional benfits are that the new owner will get rights to use the 12.1 acre drainage easement next to this site that can be used for hiking trails, greenbelt, and should help with water detention and development. Please contact the city or the listing brokers for more details.

*Prospective buyers should retain an independent engineer to verify the location, accessibility and capacity of all utilities.





Site is few minutes from Live Oak Town Center, at the vibrant NE San Antonio intersection of Loop 1604 and IH-35, is designed to incorporate ± 870,000 square feet of retail, restaurants, entertainment and lodging
Land benefits from the incredible draw of South Texas’ only IKEA store Close proximity to IKEA, RBFCU and The Forum at Olympia Parkway Positioned near one of central Texas’s busiest and growing intersections
Zoning: R-5 City of Live Oak (Multifamily/Residential)
Demographics: 200,000+ population with average household income of $79,000+ (5-mile radius)
Traffic count: More than 110,000+ vehicles per day on Loop 1604 E
Nearby retailers: Wal-Mart, Rolling Oaks Mall, At Home, IKEA, Burlington, Target, BestBuy, Costco, Home Depot, and several restaurants
12.1 acre easement can be used for recreational use by the 9.1 acre owner