7.67+/- Acre Residential Development Site | San Antonio, TX
Land | 7.67 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase a 7.67+/- acre residential development Site located at 6903 Border Brook, San Antonio, TX (the “Site”) located less than a mile east of Interstate 410 in the rapidly growing northwest quadrant of the City. Approximately half of the Site is zoned for multifamily and the remainder single-family, it is accessible via Border Brook. Given the sites dynamic zoning, a potential Buyer could purchase with the intent to rezone the Site entirely for multifamily or single family. The Site is extremely well-located and very close to a multitude of national retailers as well as near the Ingram Mall. It is in immediate proximity to major employers such as the NSA and a Microsoft Data center. This is a great opportunity to acquire a property at a reduced price of only $1.65 per square foot.
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Investment highlights
• The 7.67+/- acre Site is strategically located along Border Brook, less than a mile east of Interstate 410. This positioning offers seamless connectivity to the San Antonio-New Braunfels Metropolitan Statistical Area (MSA) and easy access to other major Texas markets such as Austin, Houston, and Dallas.
• The Site is approximately 4 miles south of the South Texas Medical Center, one of the city’s largest employment hubs which employs around 30,000.
• The Site falls within the highly acclaimed Northside Independent School District, which boasts an B+ ranking on Niche.com. The attendance zone includes schools like Driggers Elementary School, Neff Middle School, and Holmes High School, making the location ideal for families and future residents.
• The Site also connects to the Leon Creek Greenway, a trail system containing 20+ miles of trails.
• The property is zoned MF-33 (max 33 units per acre) and R-6 (min. 6,000 SF lots), which permits a variety of different multifamily and residential development opportunities.
• Purchasers are advised to perform their own due diligence regarding zoning regulations and potential unit counts.
• San Antonio’s population reached 2,703,999 by the end of 2023, a 5.27% increase from 2020, as reported by the U.S. Census Bureau. This growth reflects the city’s rising prominence as a vibrant metropolitan center 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, the average asking multifamily rent per square foot in this property’s submarket for Class A deals is $1.75 as of December 2024.
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