138 COUNTRY CLUB BLVD Active

Schertz,TX 78154

$ 495000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land, Commercial

Sub Type Commercial Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1785151

Annual Tax Amount $5,168

Lot Size 5.142 Acres

Property Description

Vacant lot in Northcliff. This land it zoned for office and commercial. The Property has preliminary approval from the City of Schertz for eight flex office buildings totaling 64,800 square feet. The planned multi-tenant use development is strategically targeted to meet office uses for healthcare, entrepreneurial and professional uses. The office vacancy rate within a five-mile radius is 5.1 percent for 646,000 square feet of total inventory with a trailing twelve absorption rate of 52,000 square feet and only 31,000 square feet under construction (or 4.8 percent of the total inventory). Given the aforementioned statistics, flex office is projected as the highest and best use in order to meet the project growth demands along the I-35 corridor. Within a five-mile radius, the Property has a populous of 92,224 people with 34,064 household pursuant to estimates for 2023. Since 2010, the immediate area has enjoyed over a forty-four percent cumulative growth rate with an expected continued growth rate of an additional ten percent through 2028.

Location

State TX

County Guadalupe

Area 2705

Zoning OP OFFICE OR PROFESSIONAL

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

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