Shovel-ready 12-unit development site in the highly sought-after Tobin Hill neighborhood, located just blocks from the Pearl Brewery. The owner is open to flexible financing options. Approved plans call for a mix of multi-story, townhome-style residences
offering one- and two-bedroom floor plans, each with a private garage.
Market Highlights
Rental Market: Average rents in this trade area are approximately $1,800 per month (CoStar). The submarket has seen strong demand with an average annual absorption of 274 units over the past three years. In the past 12 months alone, absorption surged to 478 units, with only ~100 new units currently proposed (CoStar).
For-Sale Townhome Market: Over the past 24 months, the median sold price in this submarket was ~$450,000 per unit. The current median
asking price is ~$515,000 (LERA MLS). This site offers a unique opportunity to deliver modern, in-demand housing to one of San Antonio’s most vibrant and walkable
neighborhoods.