8 Contiguous Acres in the heart of SMTX
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8 Contiguous Acres in the heart of SMTX
3 Properties Offered at $4,950,000 in San Marcos, TX
Investment Highlights
- 7.85 contiguous Acres infill project
- 1511 - 2.97 acres zoned Multi Family 12 - 1 house current
- 485 feet of main road frontage
- 1507 + 1509 - 4.88 acres zoned Single Family 6 - 2 houses currently renting for $5,890/month
- On TXST University bus route
- 500 yds from TXST University
Executive Summary
Located in San Marcos, home to Texas State University, with 39,000+ students, and a need for affordable & sustainable housing. This is a great opportunity to create community living, single family + multi family plus a mixed-use project. It is a great location for a owner occupied or rental pocket neighborhood. This property is ripe for development and within a stones throw to TXST University, on the University bus route and 1.5 miles from the San Marcos CBD. It is currently cash flowing as is with gross rental income of $143,400 annually, allowing the developer time to ease holding costs while development process begins. See attached Offering Memorandum for more information.
Property Facts
| Price | $4,950,000 | Number of Properties | 3 |
| Price / SF | $1,731 / SF | Individually For Sale | 0 |
| Sale Conditions | Redevelopment Project | Total Building Size | 2,859 SF |
| Sale Type | Investment or Owner User | Total Land Area | 7.95 AC |
| Status | Active |
| Price | $4,950,000 |
| Price / SF | $1,731 / SF |
| Sale Conditions | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,859 SF |
| Total Land Area | 7.95 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1507 Old Ranch Road 12, San Marcos, TX 78666 | Land | 3.98 AC | - | - |
| 1509 Old Ranch Road 12, San Marcos, TX 78666 | Land | 1.00 AC | - | - |
| 1511 Old Ranch Road 12, San Marcos, TX 78666 | 2,859 SF | 1975 | - |
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8 Contiguous Acres in the heart of SMTX
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