7516 McAngus Road - Residential LAND FOR SALE


Del Valle, TX 78617 1,872,644 SF
$10,175,000 USD
214-556-1951
7516 McAngus Road, Del Valle, TX for Sale
$10,175,000 USD
Residential LAND - FOR SALE
1/3
1,872,644 SF

7516 McAngus Road
Del Valle, TX 78617


HIGHLIGHTS

  • Located with frontage along Ross Road and McAngus Road, the Sites are less than a mile east of TX-130, allowing for easy travel to throughout the MSA.
  • Within a 5-mile radius are various highly-trafficked destinations such as Austin-Bergstrom International Airport and the Tesla Gigafactory.
  • Within the immediate area, garden-style multifamily assets are achieving asking rents up to $1.96 psf.
  • Tract 1 is zoned MF-4 with a conditional overlay only permitting 212 units on the Site.
  • Tracts 2 and 3 are zoned MF-4 which allows for a density of between 36-54 units per acre depending on unit size.
  • MF-4 zoning also allows for a variety of uses including but not limited to build-to-rent, duplex residential, townhome residential and senior housing.

OVERVIEW

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership (Lender Owned) to offer developers and investors the opportunity to purchase three MF-4 zoned development sites on which you can construct garden style multifamily, senior housing, or build-to-rent (the “Sites”). The Sites are located just southeast of Austin, TX in rapidly growing Del Valle a mile east of TX-130. Additionally, the tracts are close to major destinations in the Austin-Round Rock MSA such as Austin-Bergstrom International Airport (2 mi. North), the Tesla Gigafactory (4.5 mi. North), and Circuit of the Americas (1 mi. Southeast). The offering is made up of a 26.99+/- acre site (“Tract 1”), a 8.27+/- acre site (“Tract 2), and a 7.73+/- acre site (“Tract 3”) all contained within the larger Moore’s Crossing development/Municipal Utility District. Tract 1 has a concept plan showing 212 townhomes depicting the maximum amount of units allowed per the zoning. Tracts 2 and 3 have concept plans depicting multifamily developments with 172 units and 178 units respectively. The Sites can be bought together or separately. Pricing: Tract 1: $5,500,000 Tract 2: $2,400,000 Tract 3: $2,275,000 A 1% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity; a third-party broker must identify and register their client upon initial contact with VREA.

FOR SALE DETAILS

PRICE

$10,175,000 USD

PRICE/ACRE

$236,683/AC

PRICE/SF

$5 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Three Zoned Multifamily/Build-to-Rent Sites

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

42.99 AC

LAND SF

1,872,644 SF

OFFSITE IMPROVEMENTS

Sewer, Water

ZONING

MF-4

APN/PARCEL ID

298994,380330,814149

ASK ABOUT THIS PROPERTY

Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

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Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.