Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale for a 2-acre land parcel located in Von Ormy, Texas. The vacant parcel is located in the southwest quadrant of the San Antonio MSA on Somerset Road within an Opportunity Zone. The property is between Interstate Loop 1604 and Interstate Loop 410, between Interstate 35 and Texas State Highway 16. The parcel offers visible street frontage on Somerset Road and Quesenberry Road. The average daily traffic count on Somerset Road is 6,544 vehicles. Electric and water utilities are available at the property. The parcel is adjacent to two multi-family developments, Frontera Crossing and Bristol at Somerset which combined total almost 700 units. Single-family home development within a 3-mile radius include Mesa Vista, Medina Crossing and Preserve at Medina. Southwest Independent School District has also developed two schools, Legacy High School and Resnik Middle School, within 1-mile of the subject property. San Antonio serves as a major gateway between the United States and Mexico and is one of the fastest growing MSA in the United States. Major employers near the subject property include Toyota Motor Manufacturing, who employ 3,800 employees and have 20 onsite suppliers that employ an additional 5,600 employees. Alamo Community College Palo Alto Campus has 9,300 students attending the campus with approximately 860 employees. Texas A&M University – San Antonio enrolled 7,300 students in Fall 2023 with 223 full time employees and 149 part time employees. Traders Village employs 196 employees to support over 1,000 vendors. University Health Palo Alto Hospital campus is adjacent to Texas A&M University and is under construction. The 160-bed facility is projected to open in 2027. The Frontera Logistics Supersite, a 188-acre project which when finished will contain almost 2.8 million square feet of manufacturing and warehouse space, is situated a couple of miles north of this parcel, making this site ideal for flex-industrial development or contractor space. Additional major employers near the property are Zachry Construction with 20,000 employees and Boeing Company with over 4,000 employees. The economy in San Antonio is anchored by the industries of health care, bioscience, tourism, and national defense. The population within a 5-mile radius has grown by 31 percent since 2000.