Zoned Multifamily Development Site 15.77+/- Acres | 480+/- Units | San Antonio, TX

Highlights:

• The 15.77+/- acre Site is well located along East Afton Oaks Boulevard directly south of Loop 1604, providing convenient access to the entirety of the San Antonio-New Braunfels MSA.
• This Site also connects seamlessly to major highways, including Interstate 10, Interstate 35, and U.S. Route 281, enabling easy travel to other Texas markets such as Austin, Houston, and Dallas.
• The Site is within the highly rated North East Independent School District (NEISD), which holds an A grade from Niche.com.
• Zoned C-2, MLOD-1, MLR-1, ERZD, the property allows for multifamily development of up to 33 units per acre, offering versatile opportunities for multifamily and mixed-use projects.
• The Seller has prepared a set of engineering and architectural construction plans, for a 480 unit wrap development which will be conveyed to the buyer at closing.
• Per the Seller, the Site is ready for immediate development, reducing lead times and positioning the property as a prime opportunity for investors and developers.
• San Antonio’s population reached 2,703,999 as of 2023, reflecting a 5.27% increase since 2020. This sustained growth highlights the city’s strong economy and demand for housing, amenities, and services.
• Within a three-mile radius of the Site, the median household income averages $95,432, according to Esri data. This affluence indicates a strong consumer base and significant purchasing power, making the area attractive for development.

Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained to present developers and investors with the opportunity to acquire a 15.77+/- acre entitled multifamily development site located along East Afton Oaks Boulevard in San Antonio, TX just one block south of Loop 1604 (the “Site”). The Site comes with architectural and engineering plans for a 480-unit, four-story wrap multifamily development which will be conveyed at Closing in addition to select third party reports. A Purchaser will need to resubmit the plans to the City as permits have expired. The property is easily accessible via East Afton Oaks Boulevard and is situated near key retailers like Costco, Walmart, and H-E-B. This prime location offers a great opportunity to acquire a site ready for development at an attractive price of only $22,708 per developable unit.

To gain access to the Due Diligence Vault click on the link below:
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There are two retail sites adjacent that are being sold together or separately and owned by the same owner. Call for details. A 1% 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 formally register their client upon initial contact with VREA.

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