12571 Somerset RdVon Ormy, TX 78073

Property Details for 12571 Somerset Rd

Year built

1972

Lot size

17.50 AC

Property size (Sq ft)

2,193 SF

Property type

Bars

Property subtype

Pubs

APN

04295-000-0310

APU

42950000310

Description

This exceptional 17.5-acre mixed-use property, located at 12571 Somerset Rd, Von Ormy, TX 78073, presents a unique investment opportunity. Boasting 2,193 square feet of existing improvements, the property offers significant potential for redevelopment or expansion. The asking price is $2,000,000, translating to $911.99 per square foot. Built in 1972, the property features convenient access directly from Somerset Road, with a pre-existing driveway. Its strategic location within a rapidly growing San Antonio submarket provides unparalleled access to major transportation arteries, including I-35, Loop 410, and Loop 1604. The property benefits from its designation as both an Opportunity Zone and a HUB Zone, offering potential tax advantages. Furthermore, its proximity to downtown San Antonio (16 miles, approximately 18 minutes) and Von Ormy's city center (1.7 miles) enhances its appeal. The unrestricted zoning allows for a wide range of development possibilities, catering to diverse business needs. This is a rare chance to acquire a substantial land parcel in a high-growth area, offering significant long-term investment potential. The property's location within the San Antonio MSA ensures strong potential for future appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $586,958

  6.5%

  $541,807

  7%

  $503,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,255,976

  Geo Method

  $1,255,976

• Alternative Use

  Use

  Valuation

  Residential

  $457,035

  Hospitality

  $418,641

  Educational

  $348,305

  Medical

  $360,283

  Retail

  $541,807

Location Insight

City

Von Ormy

County

Bexar

State

Texas

Latitude

29.3006

Longitude

-98.6037

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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