501 Luther Street W
Student Housing Development Opportunity
Marketing description
RARE FIND!! 3 ACRES, ADJACENT TO TEXAS A&M, FULLY ENTITLED, UP TO 1,200 BEDS. This fully-entitled property presents a rare investment opportunity across the street from Texas A&M University. Current zoning currently allows for a maximum height of approximately 12 stories and up to 1,200 beds, without needing any FAA exceptions! The site boasts Mixed-Use development zoning already in place and its strategic positioning provides seamless pedestrian access to campus and its located on three TAMU bus routes, making getting to campus super easy for residents. Utilities are close to the site with straightforward extensions, and topo survey and a clean Phase 1 Environmental study have already been done and can transfer to Buyer. This is one of the last large sites close to campus and don't miss this opportunity!
Investment highlights
Prime Location
Pedestrian to Campus
Sits along 3 TAMU bus routes & stops
Improved pedestrian access to West campus and other student targeted on-campus attractions
Zoning
Site currently zoned MU (Mixed-Use) for maximum density
Power 5 | SEC Athletics
Top tier SEC athletics programs
Site uniquely located near Blue Bell Park, Reed Arena, Track & Field Complexes, Softball, and Soccer facilities
Increasing YOY Enrollment
> 80,000 students in the B/CS market
> 95% projected purpose built occupancy
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