Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/1973/ Marcus & Millichap is pleased to present 4.41 acres of undeveloped land located at 3993 W Loop 306 (the “Property”) in San Angelo, Texas. The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development. The Property consists of a ±4.41 acre parcel situated at the hard corner of W Loop 306 and Oak Grove Blvd. The Property is well positioned with visibility and frontage on W Loop 306 and benefits from traffic counts of 41,045 vehicles per day. The Property is in a robust trade area near a mix of residential, industrial, and retail demand generators. Nearby retailers include Walmart, Lowe’s, Firestone, HEB, Marshalls, Ulta, Hobby Lobby, Ollie’s, Conn’s Home Plus, Hibbett Sports, Dillard’s, Marshalls, Sam’s Club, Chick-Fil-A, Burlington, Target, Best Buy, and more. The Property benefits from CG zoning, General Commercial District, with flexible uses permitted including retail, professional office, self-service storage, and many more. Located in Tom Green County, San Angelo boasts a strategic location in West Texas, situated along the Concho River and at the crossroads of major transportation routes, including U.S. Highways 87 and 277. San Angelo features a diverse economy supported by industries such as healthcare, education, agriculture, manufacturing, and energy. The city's robust job market, affordable cost of living, and supportive business environment make it an attractive destination for businesses and residents alike. The Property is positioned just ±7-minutes from Angelo State University with approximately 10,775 students and 555 academic staff. The Property is also located less than 8-miles from Goodfellow Air Force Base. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2023 population of ±72,910 people and average annual household income of ±$81,196 within a 5-mile radius. The area has benefited from significant population growth of ±9.21% from 2010-2023 and will continue to benefit from a population that is expanding, with ±1.25% growth projected from 2023-2028 (5-mile radius).