Listed by Airstream Realty LLC
$450,000
32-Unit MF/APS + Retail/Mixed-Use Development Tract
Details
APN 126-3660-01010
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Student Housing
Units 32
Buildings 4
Acreage 2.026
Zoning Flexibility (Keene City Limits)
Commercial Land | 2.026 acres
Marketing description
For Sale - Zoning Flexibility & Proven Path to Higher Density (Keene City Limits – SF-2): Currently zoned SF-2, with previously city-approved civil plans for a 32-unit multifamily apartment development (56 bedrooms). The City of Keene is known for its collaborative and streamlined rezoning process, making this site well-suited for multifamily apartments, townhomes, senior living, mixed-use concepts, and more. Ownership is flexible and willing to cover or credit permit re-approval costs.
Please reach out to Evan Lichterman [email protected] for additional information!
Investment highlights
- 2ac SWC 4th Street & College Dr | 2.026ac at address - 105 W 4 Th St, Keene, TX, 76059
- Property ID: 126366001010 | Legal Description: Lot 1 Blk 1 South College Apts
- Zoning Flexibility & Proven Path to Higher Density (Keene City Limits – SF-2): Currently zoned SF-2, with previously city-approved civil plans for a 32-unit multifamily apartment development (56 bedrooms). The City of Keene is known for its collaborative and streamlined rezoning process, making this site well-suited for multifamily apartments, townhomes, senior living, mixed-use concepts, and more. Ownership is flexible and willing to cover or credit permit re-approval costs.
- Utilities: City of Keene CCN – all utilities available
- Corner lot with ±240ft’ frontage on W 4th St (±2,000-±2,500 VPD) & ±360ft’ frontage on S College Dr. (±2,000-±2,500 VPD) this 2.026-acre prime infill development site in the heart of Keene, TX is positioned for apartment, mixed-use, townhome, or single-family development
- Buyers save time and money with nearly complete plans for 32 units of apartments, 4 buildings. (56 total bedrooms, with most units being 2-bed, 2-bath, though the floor mix can always be adjusted.)
- Within walking distance to a private college (Southwestern Adventist University – 1,000± students), the Keene ISD (1,100± students), and the city of Keene is growing over 2% per year and has grown over 11% since 2020.
- The city is witnessing various residential developments - Notable residential projects include communities like Ashton Homeplace by Lennar, The Canyons by D.R. Horton, Sunset Ridge by D.R. Horton, Bristol Oaks by John Houston Homes, Greenbriar Meadows, Heritage Oaks, and more. These developments contribute to Keene’s evolving landscape, enhancing its appeal as a growing North Texas community.
Listing Contacts
Listed by Airstream Realty LLC
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