1147 County Road 1110 - Residential LAND FOR SALE


Meridian, TX 76665 6,882,480 SF
$4,200,000 USD
936-320-3737
1147 County Road 1110, Meridian, TX for Sale
$4,200,000 USD
Residential LAND - FOR SALE
1/3
6,882,480 SF

1147 County Road 1110
Meridian, TX 76665


HIGHLIGHTS

  • 65% to 75% IRR --Crazy Returns
  • Acceptable Down - Seller Carry 4-years
  • No Land Development Competition
  • Vineyard Community -- Only One in Texas
  • Vineyard Living without the Vineyard work
  • Adjacent to Actual Operating Winery & Vineyard !!!

OVERVIEW

The winery & vineyard operation would compliment the vineyard community by managing and harvesting the communities grapes that would be grown in small quantity on 60% to 75% of the estate lots. The 1-acre lots would set aside approx. 300 SF to 500 SF of frontage vines that would be purchased in bulk by the winery which would help in keeping HOA costs low. The property is noted for its wonderful wildlife, exceptional views and stunning oak tree canopy. Owner’s decision to retire has created an opportunity uniquely intrinsic to this offering. Whether you intend to enhance and expand the existing wine business and capitalize on a potential 44% IRR upside, or develop the additional land and sell 150-vineyard estate lots (a 65% to 75% IRR return) the offering provides countless wealth generating and wealth preservation opportunities. Seller financing with acceptable down payment. Out of the wineries 42 acres, 40 have been cultivated as a vineyard that historically produces 20 to 30-tons of premium grapes annually. There are seven different varieties with two “noble” i.e., Tempranillo, Syrah, Tannat, Touriga Nacional, Zinfandel, and Black Spanish (Lenoir).

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/ACRE

$26,582/AC

PRICE/SF

$0.61 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Vineyards at Meridian - 150 Lot Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Single Family Development

LAND ACRES

158 AC

LAND SF

6,882,480 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David Fisher, CCIMFisher AdvisorsMore Info
936-320-3737

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David Fisher, CCIMFisher AdvisorsMore Info
936-320-3737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.