5.2 Acres in San Antonio, TX - $149,017
Coldwell Banker Commercial Southwest Partners has been retained as the exclusive advisor for the sale of six offerings on Braun Road in the prestigious Oak Grove/Bandera area of north San Antonio area just inside Loop 1604 North and west of Bandera Road (Texas Highway 16).
The Census Tract outperforms all Benchmarks* in most demographic and econometric key indicators. Extraordinary potential to meet unmet local retail demand: top 3 avg. $16M+ annual potential revenues, top 5 avg. $11M+, top 10 avg. $6.7M+ and top 5 each are at least $5M+.
6 of the 7 offerings include 80% potential owner 1st financing and 7% buyer broker commission.
The property is offered 7 ways:
(1) 8351 Braun Road (all 3 tracts). $297,195. 10.74 total acres with 4.36 est. net usable acres. 1,062’ est. net usable frontage. $59,439 down. $1,703 monthly P&I.
(2) 8353 Braun Road (all 3 tracts). CASH PRICE O...
(2) 8353 Braun Road (all 3 tracts). CASH PRICE ONLY $267,450. 10.74 total acres with 4.36 est. net usable acres. 1,062’ est. net usable frontage.
(3) 8355 Braun Road (east). $149,017. 5.20 total acres with 2.11 est. net usable acres. 584’ est. net usable frontage. $29,803 down. $854 monthly P&I.
(4) 8357 Braun Road (center). $124,900. 3.08 total acres with 1.25 est. net usable acres. 251’ est. net usable frontage. $24,980 down. $716 monthly P&I.
(5) 8359 Braun Road (west). $99,900. 2.47 total acres with 1.00 est. net usable acres. 225’ est. net usable frontage. $19,980 down. $573 monthly P&I.
(6) 8361 Braun Road (east & center). $197,626. 8.28 total acres with 3.36 est. net usable acres. 835’ est. net usable frontage. $39,525 down. $1,133 monthly P&I.
(7) 8363 Braun Road (west & center). $249,017. 5.55 total acres with 2.25 est. net usable acres. 477’ est. net usable frontage. $49,803 down. $1,427 monthly P&I.
All offerings other than (2) 8353 Braun Road may include an owner 1st loan. Depending on transaction terms, your qualifications and other factors, the owner may provide an 80% 1st loan at 6% interest. The loan will have a 20-year amortization with a 5-year balloon. All calculations from Bank Rate Monitor.
*All net usable acreages, net usable frontages and monthly P&I monthly payment estimates are by Coldwell Banker Commercial Southwest Partners.
This offering is for (3) 8355 Braun Road.
TWO OWNERS ARE REAL ESTATE BROKERS
Two owners are Texas licensed real estate brokers. They are NOT representing themselves and they are NOT receiving any commissions payable under the listing agreement.
HIGHLIGHTS
(8) 5.20 acres with 2.1+ est. net usable acres with 584’ est. Braun Road frontage, nicely wooded and zoned R-5 (minimum 5K SF residential, church, nursery or school).
(9) Census tract demographics outperform all Benchmarks with highest %: (a) $100K+ households, (b) $1M+ household net worth, and (c) at least Master’s degree at-tained.
(10) In comparison to San Antonio, Bexar County and Texas, the 78254 zip has: (a) high-est % owner occupied homes, (b) lowest vacancy rates and (c) lowest % tenant oc-cupied residences.
(11) Stunning demographics at a 1-mile radius compared to San Antonio: (a) 84% higher % population growth, (b) 47% higher household after tax income, (c) 51% higher household income and (d) 241% higher % families with $100K annual income
(12) Excellent schools as all 3 have high GreatSchools ratings, the elementary is a TEA “Exemplary” school and the middle and high schools are TEA “Recognized”.
(13) Tremendous local access: 5 mi. to Helotes, 7 mi. to 1604 N Loop & I10, 8 mi. to I10 and I410, 15 mi. to downtown and 17 mi. to San Antonio International Airport
(14) Unmet $900M GAFO demand in San Antonio compared to excess supply in Houston and Austin of $900M+ and $800M+ respectively.
(15) In the resilient San Antonio CBSA, one of the strongest US regional economies with a $50B+ economy and 2%+ annual population growth.
“Benchmarks” include: Census Tract, 1-mile radius, 5-minute drive-time, 78254 zip code, San Antonio, Bexar County, San Antonio CBSA, San Antonio DMA, Texas & US
POSSIBLE OWNER 1ST LOAN
(33) Terms offered. Depending on transaction terms, your qualifications and other
factors, based on a sale price $149,017, with your 20% down payment of $29,803, the owner may provide a $119,214 owner 1st loan at 6% interest. The loan would have a 20-year amortization with a 5-year balloon.
(34) Estimated payments. We estimated the monthly principal and interest payment at $854. We estimate the balloon balance in 5-years at $100,864.
(35) Source of calculations. All calculations based on Bank Rate Monitor on-line calculators.
PROPERTY
Very nice treed acreage with 580’+ frontage on Braun RD.
(36) 8355 est. acreage. 5.20 (226,595 SF).
(37) 8355 est. net usable acreage. 2.11 (91,912 SF)
(38) 8355 est. net usable frontage. 584’.
(39) Entire offering acreage. 10.749 (468,226 est. SF) per BCAD.
(40) Entire offering est. net usable acreage. 4.36.
(41) Entire offering est. net usable frontage. 1,062’.
(42) Flood plain. None of the estimated net usable acreage is in a flood plain. The excess property IS in a flood plain.
(43) Utilities. All City utilities on site
(44) Improvements. None.
(45) Legal information.
(a) Legal description. Approximately 5.20 acres of NCB 18006 BLK LOT P-82 "OAK GROVE/BANDERA" ANNXATN.
(b) Tax ID. Part of PIDN: 685676 GEO: 18006-000-0820.
(c) In City limits? Yes.
(d) School district. Northside ISD.
(e) Zoning. “R-5“ Residential Single-Family District (Sec. 35-310.05)
Single-family dwelling (detached) with a minimum lot size of 5,000 square feet and a minimum lot width of 45 feet, church, foster family home, nursery (1 acre minimum), public school.
(f) 2010 taxes. $2,880.51 with no exemptions (for entire offering).
(46) Tax considerations. Consult your tax advisor regarding your expected taxes.
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