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7815 Chelico Dr 10.39 - 20.7 Acre Industrial Land Lots Offered at $5,444,088 - $10,469,400 CAD Per Lot in San Antonio, TX 78223
INVESTMENT HIGHLIGHTS
- Almost a mile of visibility from IH-37
- Access from IH-37, SE Military Drive, and 3 city streets
EXECUTIVE SUMMARY
This development kicked off in 2015 with the sale of 2 acres to CVS. CVS opened in 2016 and is a top performing store for the company. Lot 3, a 2.7 acre pad site, was sold in 2019 and was used to construct a $16 million, 4 story vertical storage development on the south side of the development. It opened in summer 2021, and is now owned and managed by Public Storage. This Public Storage development is already proving to be very successful, according to management.
Lot 1 is 10.4 acres. It includes a very profitable RV Park, but the value of the land exceeds the value of the RV Park business. It was recently rezoned March 2022 by COSA to C-2 Commercial District, as part of an area wide rezoning effort. Lot 2 has very nice access from both SE Military Drive and IH-37. It has outstanding visibility from IH-37.
Lots 4 is 21 acres. It is currently zoned I-1, Industrial, and is a rare industrial tract in city limits with great highway access and visibility. Current land use also supports a MF-18 zoning which has recently received support from the adjacent neighborhood for 375 units (a letter of support is on file and City Council Office is also on board with this type of development, as they saved and excepted this 21 acre parcel from the recent COSA rezoning effort.) The detention pond can be relocated to the south to better accommodate either the industrial concept or the multi-family development concept. This parcel has excellent visibility from IH-37. Kimley-Horn has recently completed two feasibility studies for developing the southern 21 acres. As part of the study, both drainage and traffic studies were completed for the proposed industrial and MF developments.
We would consider a JOINT PARTNERSHIP and/or LAND LEASE.
PROPERTY FACTS
2 LOTS AVAILABLE
Lot 4
| Price | $5,444,088 CAD | Lot Size | 20.70 AC |
| Price Per AC | $262,999.43 CAD |
| Price | $5,444,088 CAD |
| Price Per AC | $262,999.43 CAD |
| Lot Size | 20.70 AC |
Zoned I-1. Detention pond can be relocated, yielding 18.5 buildable acres. KIMLEY-HORN feasibility studies done for both multi-family and industrial use. Easily rezoned for MF. Easy access and visibility from Interstate 37. BRING YOUR OFFER.
Lot 1
| Price | $10,469,400 CAD | Lot Size | 10.39 AC |
| Price Per AC | $1,007,641.99 CAD |
| Price | $10,469,400 CAD |
| Price Per AC | $1,007,641.99 CAD |
| Lot Size | 10.39 AC |
This lot is adjacent CVS and includes the RV Park, office and shop. It is 10.39 acres as shown on Plat 180539. It has great access from SE Military via Chelico Drive and IH-37 via Larry Key Ave. It is currently zoned C-2.
DESCRIPTION
- The southern 21 acres, LOT 4, is zoned Industrial I-1. It has been engineered for either industrial use or for a multi-family development. Both uses have been studied by my engineer, Kimley-Horn. - The industrial study depicts 2 warehouses totaling 209,000 square feet. No rezoning is required. No replat is required. - Kimley-Horn did a $30,000, 366 unit Multi-Family feasibility study which includes official, documented development review meetings with the COSA DSD. Rezoning would be required, but it is supported by the city and neighborhood with documentation. This land would also be perfect for a home for rent development. - CVS opened in 2016 and is a top performing store in its market. - Public Storage opened in 2021 and is a top performer. - Major access via a deceleration lane off of IH-37 to Larry Key Ave, access from SE Military Drive via Chelico Drive, and a hooded left turn off of SE Military Drive into the development. - Exceptional site for medical facilities, restaurants, retail space, offices, hotels, and apartments. - Across the highway from the world-class Brooks Development. Close to The Republic Golf Club, Mission Baptist Hospital, Texas A&M University, Toyota, River walk, Downtown, Walmart, Lowes, Home Depot, HEB Grocery. -Traffic Count 2012 is 90,000 Vehicles per day. -Southeast Quadrant of IH-37 and SE Military intersection, adjacent to the hard corner which has a newly built CVS store on it. Site has almost a mile of frontage along IH-37. Great access from IH-37, SE Military Dr. and 3 city streets. Flat with retention pond, excellent visibility, and utilities available. Property is currently zoned Commercial and Light Industrial. However, the back 21 acres has city and neighborhood support for rezoning for mutli-family development.
Presented by
Robert Chelico
7815 Chelico Dr
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