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Investment Highlights

  • Site is few minutes from Live Oak Town Center, at the vibrant NE San Antonio intersection of Loop 1604 and IH-35, is designed to incorporate ± 870,000
  • Zoning: R-5 City of Live Oak (Multifamily/Residential)
  • Traffic count: More than 110,000+ vehicles per day on Loop 1604 E
  • Land benefits from the incredible draw of South Texas’ only IKEA store Close proximity to IKEA, RBFCU and The Forum at Olympia Parkway Positioned near
  • Demographics: 200,000+ population with average household income of $79,000+ (5-mile radius)
  • Nearby retailers: Wal-Mart, Rolling Oaks Mall, At Home, IKEA, Burlington, Target, BestBuy, Costco, Home Depot, and several restaurants

Executive Summary

Lookout Crossing is one of the last large undeveloped commercial sites in the Loop 1604 / I-35 trade area — and it just got materially more valuable. The site was recently rezoned from R-5 (multifamily) to B-3 Commercial by the City of Live Oak, unlocking 21+ permitted use categories and removing the single-use development constraint. Buyers acquire a fully-entitled commercial development site at the doorstep of IKEA, The Forum (~870,000 SF), Rolling Oaks Mall, and RBFCU's corporate headquarters — backed by 110,000+ vehicles per day on Loop 1604 East and a 5-mile demographic ring of 190,000+ residents. Add 12.1 acres of usable drainage-easement rights and you have ±21 contiguous acres of usable site area in a location where infill of this scale has not been available in years.

Attachments

Lookout Rd

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 9.12 AC
Zoning B-3 - Commercial

1 Lot Available

Lot

Lot Size 9.12 AC

9.1 acres of highly visible land located just behind the bustling intersection of Loop 1604 and Lookout Rd

Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
05042-000-0029
Land Assessment
$397,752 CAD
Improvements Assessment
$0 CAD
Total Assessment
$397,752 CAD
  • Listing ID: 23399153

  • Date on Market: 2021-06-14

  • Last Updated:

  • Address: Lookout Rd & Loop 1604, San Antonio, TX 78233

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