Listed by The Stratford Group
Unpriced
Lonesome Dove - 319 Lots Available
Details
Property Type Land, Mixed Use
Sub Type Apartment Building, Commercial
Acreage 1 - 67.3
Zoning R-4 & R-5 Single-Family Residential
Investment Type Owner/User
Ground Lease No
Ownership Investment Group / LLC
Land / Lots Available near I-37 & Loop 1604
Marketing description
Excellent opportunity for an investor, developer, or builder to purchase paper lots or finished lots in the Lonesome Dove community, a development located along Gus McCrae Lane where it heads south from Loop 1604. The subject property is east of Highway 281 and about a half a mile west of Interstate 37 on the south side of San Antonio.
This development opportunity is situated in the heart of the booming south San Antonio market. Lonesome Dove is surrounded by several new industrial development projects, including manufacturing facilities, storage and distribution centers, flex space, and others. These industrial companies and developments have been bringing many jobs to the area, making Lonesome Dove that much more attractive of a community to those looking for a nice but affordable place to call home.
This deal offers a profitable investment / development opportunity and is in a high-growth area.
A national home builder built out Unit 1 of the development and sold the homes.
There are approximately 319 paper lots remaining in Units 2-5 at Lonesome Dove, but the city has indicated they may support multi-family, BTR, or development layouts that vary from those shown on the Plat.
Unit 2: 70 lots (45s) fully entitled and engineered. Plat was approved for Unit 2.
Units 3, 4, and 5: Preliminary plan shows them as 40 ft lots (R-4 Zoning).
Buyer can work with the city to change up the development plan as they and the city see fit.
Getting a TIRZ approved on this project is likely, which would help the developer immensely.
Please contact listing agent(s) with questions or to discuss the project in greater detail.
Investment highlights
There are plenty of options for the Buyer of this property when it comes to what and how they want to develop.
There's opportunity to develop and sell finished lots to builders, develop and build single-family homes (current zoning is R-4 & R-5), sell paper lots to builders and/or developers, develop Townhomes, Build to Rent Communities, Multi-Family Apartments, or a combination thereof.
In addition to the residential use options, there are tracts zoned Commercial located along the Loop 1604 Frontage. The Commercial land could be purchased altogether in a bulk sale with the Residential or is divisible depending on size, location, and the type of use.
Listing Contacts
Listed by The Stratford Group
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