Hunter Rd - 19.8+/- Acre Multifamily Development Site

19.8 Acres of Residential Land Offered at $6,700,000 in San Marcos, TX 78666

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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.

Marketing Flyer - San Marcos MF Site

PROPERTY FACTS

Price	$6,700,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	19.80 AC

1 LOT AVAILABLE

Lot

Price	$6,700,000
Price Per AC	$338,383.84
Lot Size	19.80 AC

DESCRIPTION

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer the opportunity to purchase a 19.8+/- acre 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 which will be conveyed at closing alongside select third party reports. The Site is accessible via Hunter Road and is close to the San Marcos Premium Outlets along with other retailers such as HEB, Starbucks, and Target. This well-located Property is a great opportunity to acquire an entitled site at an attractive price of only $22,559 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.