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1206 Cesar Chavez Blvd - SW block at Cesar Chavez & Cherry St Dev

3.53 Acres of Commercial Land Offered at £3,550,500 in San Antonio, TX 78210

Investment Highlights

  • IDZ-3 Zoning with preliminary approval for 350 Units Mixed Use
  • Property appraised for $6.55M in January of 2022
  • Ideal for modern mixed-use projects
  • Strategic location in San Antonio
  • Located just South of the proposed Sports and Entertainment District
  • Prime positioning for future growth

Executive Summary

Attractive piece of assemblage, with ideal redevelopment zoning IDZ-3. Preliminarily approved for 350 MF units and around 7,000 SF of commercial space. Selling below appraised value by third parties and the county assessor of similarly located and entitled dirt by a healthy margin.

Data Room Click Here to Access

Property Facts

Price £3,550,500
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
Total Lot Size 3.53 AC
Cross Streets Cherry St

1 Lot Available

Lot

Price £3,550,500
Price Per AC £1,005,807
Lot Size 3.53 AC

Tract totals 3.53 acres(153,636 SF). The site is comprised of two, non-contiguous tracts of land, divided by Iowa Street and is irregular in shape with generally level topography. The property is not located in a designated flood plain.

Description

3.53 Acres (153,636 SF) of well entitled land (“IDZ-3” ~ High Intensity Infill Development Zone). Located just south of the Alamo Dome across Cesar Chavez comprising nearly an entire city block. This site is ripe for development and has received preliminary approval for 350 MF Units and a mix of Commercial use as well. The site is comprised of two, non-contiguous tracts of land, divided by Iowa Street and is irregular in shape with generally level topography. The property is not located in a designated flood plain. San Antonio secured funding (2.96M DOT, 740k City) to study ways to reduce the barrier created by I-37 between downtown and the East Side in September 2024, that study is expected to take 12 months at which time they will be looking to execute that plan. These efforts combined with tremendous momentum that key city players have generated around their proposed Sports and Entertainment Complex adjoining the Hemisfair Park and Alamodome areas that lands at the doorstep of this property. Should generate excitement about the possibilities of this infill development site. Situated in the heart of the city of San Antonio, this area offers a rich tapestry of culture, with renowned attractions just moments away. Explore the nearby César E. Chávez Boulevard, offering a variety of dining, shopping, and entertainment venues. Immerse yourself in the local charm at the historic Market Square or experience the iconic River Walk just a short distance from the property. With its blend of modern amenities and cultural heritage.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00643-005-0010
Land Assessment
£136,899
Improvements Assessment
£7,377
Total Assessment
£144,277

zoning

Zoning Code IDZ-3 (“IDZ-3” ~ High Intensity Infill Development Zone)
IDZ-3 (“IDZ-3” ~ High Intensity Infill Development Zone)
  • Listing ID: 33143396

  • Date on Market: 11/09/2024

  • Last Updated:

  • Address: 1206 Cesar Chavez Blvd, San Antonio, TX 78210

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