Lookout Crossing
Land | 9.12 acres
Marketing description
Lookout Crossing is one of the last large undeveloped commercial sites in the Loop 1604 / I-35 trade area — and it just got materially more valuable. The site was recently rezoned from R-5 (multifamily) to B-3 Commercial by the City of Live Oak, unlocking 21+ permitted use categories and removing the single-use development constraint. Buyers acquire a fully-entitled commercial development site at the doorstep of IKEA, The Forum (~870,000 SF), Rolling Oaks Mall, and RBFCU's corporate headquarters — backed by 110,000+ vehicles per day on Loop 1604 East and a 5-mile demographic ring of 190,000+ residents. Add 12.1 acres of usable drainage-easement rights and you have ±21 contiguous acres of usable site area in a location where infill of this scale has not been available in years.
Investment highlights
- Newly rezoned B-3 Commercial — the site was recently rezoned from R-5 to B-3 by the City of Live Oak, unlocking 21+ permitted commercial use categories by- right plus multifamily by PUD. Buyers acquire a fully-entitled commercial development site.
- One of the last large undeveloped tracts in the Loop 1604/I-35 trade area — 9+ contiguous acres at $10.07/SF, competitive with smaller pad sites in the same submarket.
- Trade area anchored by best-in-class destinations — IKEA (South Texas's only), The Forum (~870K SF), Rolling Oaks Mall, RBFCU corporate campus, Costco, Target, and Home Depot all within 5 minutes.
- 94,569+ vehicles per day on Loop 1604 East — exceptional visibility and pass-by capture for highway- fronted retail, hospitality, or QSR.
- 12.1-acre adjacent drainage easement usable for greenbelt, hike-and-bike trails, and detention — adds material amenity value rarely available on infill commercial sites.
- Multifamily/BTR still on the table — B-3 allows multifamily by Specific Use Permit or PUD at up to 25 units/acre (~228 units possible on this site).
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