2423 Renwick Drive
About This Property
Marketing description
A rare multifamily development opportunity on 3.147 acres of shovel-ready land in one of San Antonio's most strategically positioned southwest corridor submarkets. Zoned MF-33 by City Council ordinance (Case Z-2022-10700150, effective September 25, 2022), the site supports up to approximately 103 multifamily units by right — making it immediately actionable for a multifamily developer without the time and cost of a rezoning.
The site's previous C-3 General Commercial zoning — and its location in a dense commercial hospitality corridor — also makes it an attractive candidate for a rezoning back to C-3 or a mixed-use designation for developers seeking retail, hospitality, or commercial development flexibility. The prior rezoning was approved unanimously by San Antonio City Council, demonstrating strong municipal support for this parcel.
Access is provided via Renwick Drive, a private road connecting directly to the US Highway 90 / Cleto Rodriguez Freeway corridor. The site sits adjacent to the Studio 6 extended-stay hotel, within a dense hospitality and commercial node anchored by multiple hotel flags, retail, and service users — an ideal live-work-stay environment for multifamily residents.
The Lackland demand driver is unmatched. Lackland Air Force Base, home to over 60,000 military personnel and civilians and the sole entry point for all US Air Force basic training, sits less than two miles away. Demand for quality workforce and military housing in this submarket consistently outpaces supply, providing a developer with a built-in, recession-resistant renter base. Port San Antonio, minutes away, adds an additional 14,000+ jobs in aerospace, defense, and advanced manufacturing.
The property carries Lackland Military Lighting Overlay (MLOD-2, MLR-1) and Airport Hazard Overlay District (AHOD) designations — standard for properties in this corridor and fully compatible with multifamily and commercial development. These overlays are well understood by local design and engineering firms and do not present development barriers for the intended use.
Investment highlights
- 3.147 acres — MF-33 zoning supports approximately 103 units by right
- City Council-approved rezoning (Ordinance 2022-09-15-0712) — no zoning risk
- Former C-3 General Commercial — rezoning back to commercial is likely viable
- Private road access via Renwick Dr — controlled, secure site access
- Adjacent to Studio 6 extended-stay hotel — established hospitality corridor
- Less than 2 miles from Lackland AFB — 60,000+ built-in demand drivers
- Minutes from Port San Antonio — 14,000+ aerospace and defense jobs
- Direct US-90 / Cleto Rodriguez Freeway corridor access
- MLOD-2 / MLR-1 / AHOD overlays — standard for submarket, no development barriers
- One of San Antonio's most supply-constrained military housing submarkets
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