4655 Southland Blvd San Angelo, TX 76904
This exceptional 4-acre commercial land parcel presents a unique development opportunity in San Angelo, Texas. Located at 4655 Southland Blvd, this corner lot boasts high visibility, fronting Southland Blvd at the intersection of Mills Pass, and sits directly across from Bonham Elementary School. The property is zoned Planned Development (PD), having already received City Council approval for a high-end, two-story multi-family community. While some additional city requirements regarding landscaping, fencing, unit density, and overall layout remain, the majority of city approvals are complete, streamlining the development process. The approved Planned Development significantly reduces hurdles for future construction. This 4-acre site is priced competitively at $130,680 per acre, or $3.00 per square foot, representing a compelling investment opportunity for developers seeking a prime location with significant pre-approval groundwork already in place. The APN is 07-18925-0001-003-00. This property is situated in Tom Green County, Texas, with a zip code of 76904. The site's strategic location and existing approvals make it ideal for a swift and efficient development project. Detailed plans and specifications are available upon request. This is a rare chance to acquire a ready-to-develop site in a desirable San Angelo location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.