5890 Higdon Rd
San Antonio, TX 78223
Land For Sale · 100.00 AC

Rare opportunity to create a five-star, Class A manufactured housing site in one of the fastest growing markets in the country, San Antonio, TX. – Proposed project would be 626 sites developed over three phases with 250 sites in Phase I, 202 sites in Phase II, and 174 sites in Phase III. The community sits on 98 acres and will offer lot dimensions of 40’ x 110’ and 50’ x 110’. – The Owner has a detailed budget along with contractor bids (available after signing a CA). Ownership is willing to stay in as a minority sponsor or can be a JV partner to manage the entire development. They will also consider an outright sale where they do not stay involved. The group has significant experience with single family horizontal developments in the area. – All final permits can be pulled within 4 months. However, the Owner is holding off on the permitting in case a buyer or JV partner has changes to the business plan. The following permits/entitlements are required: Stormwater Quality Permit (SWQ); Post Construction Permit; Tree Permit; CPS Invoicing and Plan; Plat Approval; Water General Construction Permit (GCP); Sewer General Construction Permit (GCP). – Water/Sewer tap fees are currently $6,302 per pad and payable once a home is connected. The tap fees are included in the Owner’s budget. However, some developers push that cost to the home buyer which would save nearly $4 million in development costs. – Objective is to rely on the seller’s existing strategic relationship with leading home manufacturers who will setup staffed showrooms in the community to drive sales and leasing. – Some low leverage seller financing on the land might be available for a qualified buyer. – Property has convenient access to major thoroughfares (IH-10, 410 and 37) and will provide four distinct entry and exit points. – There is also an existing house on-site that can be converted to a clubhouse. The plan is to build out a high-end amenity center including playground, pool, dog park, gym, basketball and soccer courts. – The immediate vicinity includes multiple new residential communities where homes are selling for around $300K and manufactured home site rents are around $630 per month. Strong demographics in the area with average household incomes of $96K within a 3-mile radius and a total population of nearly 300K within a 10-mile radius of the site.