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$1,750,000
Est. payment /mo
9.12 Acres Lot
UPDATED:
11/28/2024 02:25 PM
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Pending
Purchase Type For Sale
Subdivision Rose Gardens
MLS Listing ID 20500086
Annual Tax Amount $2,036
Lot Size 9.123 Acres
Acres 9.123
Lot Dimensions 430x923
Property Description
The property is located on the north side of Elam Road, just 2 blocks east of IH-635 in Balch Springs. This area features almost 24,000 seniors 65+ in a 5-mile radius, which is forecasted to be just over 29,000 in 5 more years. Elam Road is a 4-lane boulevard with raised median, but a median opening exists at the property. The city police-fire administration, city library, and city civic center are three buildings basically across the street.
The site has 9.123 acres, perfect rectangular shape, and 429' of frontage on Elam Road. It is gently sloping with no FEMA flood plain. The frontage is zoned LR Local Retail, most of the balance is zoned MF-16 Multi-Family allowing 16 units per acre, and 2.5 acres is zoned Single Family. Townhome development would be ideal with two double loads of 82-foot lots. City staff said if multi-family, they would prefer market rate MF and NO tax credit. City water and city sewer mains are both nearby. Seller is motivated to get this sold.
The site has 9.123 acres, perfect rectangular shape, and 429' of frontage on Elam Road. It is gently sloping with no FEMA flood plain. The frontage is zoned LR Local Retail, most of the balance is zoned MF-16 Multi-Family allowing 16 units per acre, and 2.5 acres is zoned Single Family. Townhome development would be ideal with two double loads of 82-foot lots. City staff said if multi-family, they would prefer market rate MF and NO tax credit. City water and city sewer mains are both nearby. Seller is motivated to get this sold.
Location
State TX
County Dallas
Zoning Mid-Density Res, SFR, and some Local Retail
Direction From IH-635, go east on Elam Road 4 tenths of a mile, and property on the left or north side of Elam Road.
Exterior
Utilities Available City Sewer, City Water, Electricity Available
Garage No
Building
Lot Description Acreage, Interior Lot, Many Trees
Others
Ownership LINVIC & Village Castle
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Owner/ Agent
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Listed by Wayne Burgdorf • Burgdorf Realty Group
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