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IH-35 & Davis Ln.
San Marcos, TX 78666
Midtown Centre · Land For Sale
·
29.21 AC
INVESTMENT HIGHLIGHTS
- CD-5 Zoning
- 5 Stories / 75' in Height
- Property and Sales Tax Exemptions Authorized
- 100% Impervious Cover
- Opportunity Zone
- Blanco River Frontage
EXECUTIVE SUMMARY
MIXED USE OPPORTUNITY WITH FAVORABLE DENSITY AND ENTITLEMENTS FOR ±800 MULTI-FAMILY UNITS, AS WELL AS TAX EXEMPTIONS AUTHORIZED BY A PUBLIC FACILITY CORPORATION
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 29.21 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | CD-5 Zoning | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 29.21 AC |
| Opportunity Zone |
Yes |
| Zoning | CD-5 Zoning |
1 LOT AVAILABLE
Lot
| Lot Size | 29.21 AC |
| Lot Size | 29.21 AC |
DESCRIPTION
Located moments away from Texas State University, local entertainment district, The Square, and surrounded by the best of San Marcos, MIDTOWN CENTRE offers convenience to the area’s most popular attractions. Property is in an opportunity zone, within the Midtown High Intensity Zoning overlay, and is authorized for a Public Facilities Corporation (property tax abatement). This site has approved entitlements to abate property and sales taxes, and can also act as a vehicle for tax exempt private placement bond financing. All of which heavily increase the NOI, in exchange for a measure of affordable housing.
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