Capstone is pleased to present the Sulphur Springs MH Development Site in San Antonio, Texas. Sulphur Springs is a 92± acre land site that has all approvals and zoning in place to be developed into a 342-site MH community, which, in a market as fast growing as San Antonio, is a valuable asset to own. With frontage to Interstate 410 and being just 20 minutes away from Downtown, Sulphur Springs is conveniently located in the path of progress. More people moved to San Antonio than anywhere else in the country between 2020 and 2021, and with the influx of construction in the education, manufacturing, and cybersecurity sectors, it’s showing no signs of slowing down. This development would provide an affordable housing option in a market that has been facing residential displacement due to the redevelopment of existing Manufactured Housing Communities into apartment or townhome complexes. Additionally, strict zoning restrictions has led to a decrease in the construction of new mobile home parks, further shrinking the availability for affordable housing. The Sulphur Springs MH Development Site features a fully built out site plan and a detailed development timeline. These components provide a seamless transition for a buyer to break ground after close. This offering presents the enticing opportunity for an investor to acquire a shovel-ready, five-star asset in the San Antonio MSA.
New Shovel-Ready Development in Sought-After Market
Location with Great Accessibility to San Antonio