Investment Overview

Marcus & Millichap is pleased to offer for sale the development tract located at 19780 FM 2252 in Garden Ridge, Texas, with seller financing available for qualified buyers. This property spans 15.21 acres and is zoned for both B1 and B2 uses, making it well-positioned in one of the region’s most supply-constrained commercial markets. It is located just off FM 3009, which handles over 21,000 vehicles per day, and 1.5 miles from Interstate 35, a major transportation route with more than 180,000 vehicles per day. The property has easy access to utilities, with a 12-inch water line available on FM 2252 and a sewer line located approximately 700 feet away. Potential uses for the site include a flex office park, sports complex, or industrial development, although this would require rezoning. A build-to-rent single-family community is also a possibility, but it would likewise necessitate rezoning. Garden Ridge is a small yet affluent suburban city in Comal County, approximately 20 miles northeast of downtown San Antonio. It is one of the most desirable communities in the San Antonio metropolitan area due to its strong economic base. The city is within commuting distance of major employers, including Randolph Air Force Base, which supports thousands of military and civilian jobs, contributing to the area’s economic stability. Additionally, nearby cities like New Braunfels and Schertz have experienced rapid business growth, particularly in the healthcare, logistics, and retail sectors. Market conditions in Garden Ridge are highly favorable for new commercial development, driven by extremely low vacancy rates. Currently, there is no vacancy for industrial or flex properties within the city, indicating a lack of available space for businesses. Office properties have a vacancy rate of only 0.7 percent. In the broader five-mile radius, vacancy rates remain low at eight percent for industrial, three percent for flex, and two percent for office space. This unmet demand underscores the need for additional commercial development to support business growth and economic expansion.