3501 N 45th Street Active

Corsicana,TX 75110

$ 1990000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Corsicana

MLS Listing ID 20593189

Annual Tax Amount $18,874

Lot Size 15.650 Acres

Property Description

This site is located in Corsicana, the county seat of Navarro County 50 miles SE of Dallas. They have a definite housing shortage per consultants they have hired and a 2017 Housing Study posted on the city web site. The city has a sound corporate base with many employers providing jobs for area residents. Older existing apartments have high rental rates and occupancies. The site is in West Corsicana in a Non-Metro DDA (but no QCT or OZ). It is zoned M2 Multi-family, where density allows up to 426 units. It has 15.65 acres and is pretty clean with no flood plain, no unusual easements, and all utilities.   It is priced for an investor or mid-density development.

Location

State TX

County Navarro

Zoning MF2, allowing 27 upa

Exterior

Utilities Available Asphalt,City Sewer,City Water,Electricity Available

Building

Lot Description Acreage,Cleared,Interior Lot

Structure Type Other

Others

Acceptable Financing Cash

Listing Terms Cash

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