$500,000.00 PRICE REDUCTION!!! – 7.27 Acre San Antonio Commercial Land Tract For Sale – Encino Commons Near 281 and Evans

Great Location in Far North Central San Antonio, TX – $113,468.00 Avg Household Income with 1 Mile!!!

Executive Summary –

Encino Commons is a 7.27 acre San Antonio Commercial Land Tract zoned C3 and priced at $1,400,000.00

This commercial office land site is positioned well for a commercial office campus user to develop to occupy or an office developer to purchase for a general office development in one of the fastest growing areas of San Antonio. 

Address/Location: Encino Commons, north of Evans Road (near US Highway 281) in San Antonio, Texas

Site Location: The subject property is located on the east side of Encino Commons just north of Evans Road.  Encino Commons is a commercial collector street that extends from Evans Road to U.S Highway 281 further north.  A private road has been constructed along the southern border of the subject property that extends from Encino commons to Evans Road.  Traffic counts on US Highway 281 just west of this property are estimated at 92,500 per day and traffic counts are estimated on Evans Road at 33,500 per day.  A new “super street” system was completed on US Highway 281 in late 2010, which has greatly alleviated traffic congestion.  Synergy from a strong retail, multi-family, and housing in the immediate area along with solid demographics should position this site well for office development.

Description: The subject property is legally described at two tracts (2.0196 and 5.2512 acres), but is is considered to be one 7.27 acre parcel.  The site features frontage on Encino Rio and a 42′ paved ingress/egress easement on the south side of the property that extends to Evans Road (next to the new Adobe Cafe).

Area: 7.27 Acres

Property Type: Vacant Land

Sales Note This project is a bank foreclosure and will be sold “AS-IS, WHERE-IS” without any reps or warranties expressed or implied

Zoning: C-3 ERZD

Highest and Best Use: Office Development

Frontage: 427′ on Encino Commons and 200′ on Fontana Villa

Topography: Level at street grade and slopes to the east to a water pollution and abatement pond (WPAP)

Utilities: Water-SAWS, Sewer-SAWS, Electricity-CPS, Gas-CPS, Telephone-AT&T

Access: To Encino Commons from Evans Road and or U.S Highway 281 (or through private road next to Adobe Cafe at Evans)

WPAP: A water pollution and abatement pond (WPAP) has been constructed at the NE Corner of Evans road (next to Adobe Cafe) and a 42′ ingress/egress easement connecting to this property.  According to the previous owner, the WPAP was constructed to serve the subject property and at least one other contiguous property (total area served of 12.3 acres including the subject property).  Although the cost was reported at $350,000.00 with the subject property contributing 60% to cover this need for the property, the seller does not represent or warranty the WPAP and and recommends that any potential buyer hire a professional civil engineering firm to aid them in determining any/all costs associated with developing their intended use since the subject property is being solid “AS-IS, WHERE-IS” by the lender.

Site Work Note: The previous owner had planned a 75,000 SF office building for the front 2 acres facing Encino Rio.  During the previous development process, all of the unwanted trees were removed from the subject site and this action was rumored to have been “grandfathered” under the current tree ordinance.  The subject property is also classified Category I which allows for 65% impervious cover (the highest classification) over the Edwards Aquifer Recharge Zone.  The information provided is intended to aid the buyer in a preliminary understanding of the property, but should not be considered reliable in nature.  Any potential buyers should seek professional advisement regarding any/all costs associated with developing the property.

2011 Tax Estimate: $43,549.00

Flood Hazard: According to the plat map, a very small portion of the north-eastern corner may be encumbered by the 100 year flood plain.  It is recommended for any potential buyers to consult with professional advisers regarding any/all site research.

7.27 Acre Commercial Land Tract for Sale in NC San Antonio

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