TWO LOTS AVAILABLE FOR PURCHASE. LOT 2 IS A 2.75 COMMERCIAL LOT THAT IS LOCATED BETWEEN AN EXISTING RV PARK AND PUBLIC STORAGE. LOT 4 IS 20.77 ACRES SOUTH AND ADJACENT TO PUBLIC STORAGE. IT ZONED I-1 INDUSTRIAL AND HAS BEEN STUDIED FOR BOTH INDUSTRIAL USE AND ALSO FOR MULTI-FAMILY USE.
This development kicked off in 2015 with the sale of 2 acres to CVS. CVS opened in 2016 and is a top performing store for the company. Lot 3, a 2.7 acre pad site, was sold in 2019 and was used to construct a $16 million, 4 story vertical storage development on the south side of the development. It opened in summer 2021, and is now owned and managed by Public Storage. This Public Storage development is already proving to be very successful, according to management.
Lot 1 is 10.4 acres. It includes a very profitable RV Park, but the value of the land exceeds the value of the RV Park business. It was recently rezoned March 2022 by COSA to C-2 Commercial District, as part of an area wide rezoning effort. Lot 2 has very nice access from both SE Military Drive and IH-37. It has outstanding visibility from IH-37.
Lots 4 is 21 acres. It is currently zoned I-1, Industrial, and is a rare industrial tract in city limits with great highway access and visibility. Current land use also supports a MF-18 zoning which has recently received support from the adjacent neighborhood for 375 units (a letter of support is on file and City Council Office is also on board with this type of development, as they saved and excepted this 21 acre parcel from the recent COSA rezoning effort.) The detention pond can be relocated to the south to better accommodate either the industrial concept or the multi-family development concept. This parcel has excellent visibility from IH-37. Kimley-Horn has recently completed two feasibility studies for developing the southern 21 acres. As part of the study, both drainage and traffic studies were completed for the proposed industrial and MF developments.
We would consider a JOINT PARTNERSHIP and/or LAND LEASE.