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$24,850,000
Est. payment /mo
245.4 Acres Lot
UPDATED:
06/10/2024 04:55 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision A0202 - Jno C Hale
MLS Listing ID 20585647
HOA Y/N None
Annual Tax Amount $493
Lot Size 245.403 Acres
Acres 245.403
Property Description
The Terrell Galaxy is a 248.5-AC property with an AG exemption. It is situated within the city limits of Terrell. Location is perfect for a mixed-use development that can include Hwy Commercial, Multi-Family, Build-To-Rent, and Single-Family uses, among others. The property is situated along I-20 and County Rd 305. TxDOT bought the right-of-way from the previous owner to construct a frontage road, currently in the design phase. Construction is expected to begin soon. For more details, contact TxDOT. The Hwy Commercial portion is est. to be 31.7+ AC, which can accommodate a massive hwy corridor business district of 193,780 SF. Resid. portion is est. to be 216.8+ AC, allowing 926 single-family homes, with each lot est. to be ~ 6,000 SF in size & measuring 60 ft wide by 100 ft deep. Tract is not in 100 & 500-year flood zones per Survey.City of Terrell plans to bring utilities to the subject tract & other nearby developments. For more info on the utilities, plz contact the City of Terrell.
Location
State TX
County Kaufman
Zoning Commercial
Direction Please use GPs
Exterior
Utilities Available Electricity Available, No Sewer
Garage No
Building
Lot Description Acreage, Agricultural
Schools
Elementary Schools Burnett
Middle Schools Furlough
High Schools Terrell
School District Terrell Isd
Others
Restrictions Other
Ownership VENTURA SEVEN LLC
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Listed by Mani Jacob • Beam Real Estate, LLC
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