Lookout Rd Live Oak, TX 78233

This exceptional 9.12-acre parcel in Live Oak, Texas, presents a remarkable opportunity for multifamily development. Located conveniently behind the intersection of Loop 1604 and Lookout Rd, this is one of the last large undeveloped tracts in the city. The R-5 zoning permits multifamily residential construction, with potential for up to 22 units per acre, and the possibility of increasing density to 25 units per acre through specific use permits or rezoning. The property's strategic location offers easy access to major thoroughfares, placing it within minutes of Live Oak Town Center, and the bustling intersection of Loop 1604 and IH-35. This area boasts a strong demographic profile, with a population exceeding 200,000 and an average household income of over $79,000 within a 5-mile radius. Daily traffic counts on Loop 1604 E surpass 110,000 vehicles, highlighting the high visibility and accessibility of this site. Proximity to major retailers like IKEA, Wal-Mart, Rolling Oaks Mall, and numerous restaurants further enhances its appeal. An added benefit is the inclusion of rights to use a 12.1-acre adjacent drainage easement, ideal for creating recreational amenities such as hiking trails or greenbelts. Prospective buyers are advised to conduct independent verification of utility access and capacity. This property offers significant potential for substantial returns in a thriving market. The fee simple ownership provides complete control and flexibility for the new owner. The APN is 05042-000-0029.