For
Sale: 17-Acre Mixed-Use Site
1 Mile North of Formula One Racetrack
5501 Ross Road, Del Valle,
Texas
Location:
Site Size: 16.784 Acres
Sales Price: $995,000
This rectangular tract is located just north of the northeast corner of Ross Road and Peace Lane. There are two Ross Road /Pearce Lane intersections within one mile of each other. This Ross/Pearce intersection is the furthest from SH-130. It is just north of the Texaco convenience store. It is surrounded by KB Home subdivisions. Three newly built schools are nearby with current enrollment exceeding 4,500 students.
This site is located about 1 mile north of the new Formula One racetrack. See web link to aerial map below. The first F1 race is scheduled for November 18, 2012. Huge volumes of race day traffic will pass by the subject to get to the F1 track. Also, there are several new subdivisions in the immediate area with no retail, restaurants or medical nearby to service them. See table showing subdivisions on this page. First restaurant will be a huge success.
Oak Ranch is a high-end modular housing community located across the street from the subject. See web link to aerial map below. The new owners are completing a total remodel of the project including a very attractive clubhouse and sales center. All of the pads are currently vacant. The owners are going to sell new modular homes and also rent the pads to the new home owners. They are committed to maintaining a well-run and wholesome community. They own and operate several similar successful communities throughout the country. There will be nearly 500 homes in this community directly across the street from the subject.
Del Valle ISD 2011-2012 enrollment surpassed 9,800 students of which over 4,500 students attend one of the three schools on Ross Road within one mile of the subject. Average daily attendance is 96%.
This is a rapidly growing area due to the opening of SH-130
that connects the subject neighborhood with IH-35.
| Subdivisions Within 2-Miles of Subject | |
| Name | No of Homes |
| Berdoll Farms | 690 |
| Meadows at Berdoll | 315 |
| Lexington Parke | 980 |
| Cooper's Meadow | 545 |
| Oak Ranch | 491 |
| Los Cielos | 599 |
| Sun Chase | 4,000 |
| Stoney Ridge | 982 |
| Watersedge | 1,716 |
| Total | 10,318 |
| Demographics | 3-Mile | 5-Mile |
| Population 2010 | 10,066 | 22,705 |
| Population 2015 | 12,101 | 26,878 |
| Households 2010 | 2,475 | 6,347 |
| Households 2015 | 3,128 | 7,669 |
| Avg HH Income 2010 | $63,878 | $62,540 |
| Avg HH Income 2015 | $72,817 | $70,724 |
Subject has all utilities to site; level topo with no flood plain or environmental issues; ready for development. Site is zoned I-SF-2 (City of Austin).
Click Link to View or Download Mixed-Use Tract Flyer
Click Link to View or Download Aerial Map of Mixed-Use Site and F1 Track
Click Link to View or Download Map of Mixed-Use Parcel and Surrounding Land Uses
Click Link to View or Download Aerial of Mixed-Use Tract Looking South
Click Link to View or Download Del Valle ISD and Subject Location Map
Click Link to View or Download TXDOT Map of Toll Roads and Subject Corner
Click Link to View or Download Ross Road 2010 Demographics
Click Link to View or Download Del Valle Growth Articles
BLUNT COMMERCIAL PROPERTIES
8700 Manchaca Road, Suite 505
Austin, TX 78748
512-292-3377
www.bluntproperties.com
John W. Blunt, CCIM
