Shovel-ready 30-unit development site in the Denver Heights neighborhood. The owner is open to flexible financing options. Approved plans call for a mix of multi-story, townhome-style residences offering two bedroom 2 bath and three bedroom 2.5 bath floor plans with the larger units offering a garage.
Market Highlights
Rental Market: Average rents in this trade area are approximately $900 per month (CoStar). The submarket has not seen new product
in the recent past which would make this prime for new development.(CoStar).
While this location is outside of the proposed plans of Project Marvel, it is within 2.5 miles from both the Alamo Dome and Frost Bank
Center which will increase demand for the market as these two project move forward. For-Sale Townhome Market: Over the past 24 months and current
inventory has an average price point in the mid $300,000 (LERA MLS).