Your email has been sent.
Hunter Rd - PRICE REDUCED - 19.8+/- Acre Multifamily Site 19.8 Acres of Residential Land Offered at $5,791,500 in San Marcos, TX 78666
INVESTMENT HIGHLIGHTS
- The 19.8+/- acre Site is well located along Hunter Road less than a half mile west of Interstate 35.
- The Site is located within San Marcos Consolidated ISD. Nearby schools within the Sites attendance zone are less than a mile from the Site.
- San Marcos is projected to have an annual population growth rate of 1.7% this year.
- Near the Site are retailers such as HEB, Starbucks, Target, and numerous national retailers contained within the San Marcos Premium Outlets.
- The owner has a permit set of engineering and architectural plans they will convey to a Purchaser at Closing along with select third party reports.
- Average median household income within a one-mile radius per Esri is $104,933.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $5,791,500 | Lot Size | 19.80 AC |
| Price Per AC | $292,500.00 |
| Price | $5,791,500 |
| Price Per AC | $292,500.00 |
| Lot Size | 19.80 AC |
DESCRIPTION
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase a 19.8+/- acre entitled multifamily development Site located along Hunter Road, less than a half mile northwest of Interstate 35, in San Marcos, TX (the “Site”). The Site comes with fully engineered plans for a 297 unit, 3-story garden-style build out within 14 buildings. The Seller will convey the following at closing: architectural plans, engineering plans, and select third party reports. The Site is accessible via Hunter Road and is very close to the San Marcos Premium Outlets, HEB, Starbucks, and Target. The Site is located within a Tax Increment Reinvestment Zone (TIRZ) with potential funds reserved to reimburse developers for select eligible expenses, Purchaser to verify. This exceptionally well-located Property recently had its price reduced from $22,559 per unit down to a price of only $19,500 per developable unit. A 1.25% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity; co-brokers must register their client with VREA at initial contact.
CONTACTS
-
Jordan Cortez -
Will Droese -
Reid Pierce -
Mason John -
Haley Birmingham -
Justin Tidwell -
Alex Johnson -
Tim Marron -
Vanguard Real Estate Advisors
Presented by
Hunter Rd - PRICE REDUCED - 19.8+/- Acre Multifamily Site
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.