IH-35 & Davis Lane
IH-35 & Davis Ln
San Marcos, TX, 78666
Please contact us for price
- Space Available
29 ac
- Description
- Highlights
- Location
Sale Description
Located moments away from Texas State University, local entertainment district, The Square, and surrounded by the best of San Marcos, MIDTOWN CENTRE offers convenience to the area’s most popular attractions.
Property is in an opportunity zone, within the Midtown High Intensity Zoning overlay, and is authorized for a Public Facilities Corporation (property tax abatement). This site has approved entitlements to abate property and sales taxes, and can also act as a vehicle for tax exempt private placement bond financing. All of which heavily increase the NOI, in exchange for a measure of affordable housing.
MIXED USE OPPORTUNITY WITH FAVORABLE DENSITY AND ENTITLEMENTS FOR ±800 MULTI-FAMILY UNITS, AS WELL AS TAX EXEMPTIONS AUTHORIZED BY A PUBLIC FACILITY CORPORATION