COMMERCIAL SITE DESCRIPTION/ ZONINGThe developer has a total of 72.39 acres that are located along the west side of U. S. Hwy. 281 and the interior streets of Del Lago Parkway, Club House Drive and Mission Grande. All properties are priced at appraisal value. Appraisal was completed on March 28, 2012.San Antonio Commercial Land Tract #1 – 32.2 acres – Available – $1.25/SF – $1,750,000.00San Antonio Commercial Land Tract #1 is a 32.2 acre parcel with C2 zoning located along the west side of Hwy. 281 between Del Lago Parkway and Mission Grande. It features a more or less regular configuration with extensive frontage on Hwy. 281 as well as Club House Drive. Club House Drive is a two way residential collector street that features two way traffic, asphalt paving, concrete curbs and gutters. The land plan indicates an access ROW from Del Lago Parkway between Tracts #7 and #11. The topography is mostly level with a slight slope and is barren of trees. Power line easements are located along the frontage of each road.Sewer, Water, ElectricityAll utilities are available to this San Antonio Commercial Land tract.Flood PlainBased on FEMA Map #48029C0640F, dated June 18, 2007, NONE of the subject tracts are encumbered by the 100 year flood plain.HIGHEST AND BEST USEThe highest and best use of the 11 San Antonio Commercial Land parcels is for investment and/or the sale of individual tracts to users or investors. The tracts are well suited for single user and multi-user investors to purchase for development, as well as owner occupant users that want to take advantage of traction from Miss Del Lago’s residential activity and aggressive bank financing for owner occupant projects in the marketplace. Each of the subject tracts feature frontage on a major thoroughfare or a commercial collector street within the master planned Mission Del Lago. All utilities are available to all of the tracts. Further, each is of adequate size in relation to its probable future use.All of the San Antonio Commercial Land tracts are located within the city limits of San Antonio and are subject to zoning ordinances. All of the San Antonio Commercial Land tracts except #3 are zoned either “C-2” or C-3” Commercial District. The “C-2” classification allows for numerous commercial uses to include retail, auto oil and lube, tire shop, alcoholic beverage store, etc. The “C-3” classification includes more intensive uses such as regional shopping centers, hotels, bars, taverns, auto repair, etc. Outdoor storage is not permitted in either classification. Tract #3 is zoned MF-18 which limits the development to apartment complexes with density of 18 units or less per acre.As the residential base expands as evidenced by continued builder interest in the Mission Del Lago development, there will be demand for commercial properties. These uses could include retail centers, banks, restaurants, office/flex buildings, multi family, day care, automotive related business, etc.
