1497 N J Elmer Weaver Fwy - Commercial LAND FOR SALE


Cedar Hill, TX 75104 599,821 SF
$5,998,212 USD
214-556-1951
1497 N J Elmer Weaver Fwy, Cedar Hill, TX for Sale
$5,998,212 USD
Commercial LAND - FOR SALE
1/3
599,821 SF

1497 N J Elmer Weaver Fwy
Cedar Hill, TX 75104


HIGHLIGHTS

  • The 8.56+/- acre portion is zoned through ordinance 2022-775 allowing for 182+/- units of “retirement housing” which is age restricted to 55+.
  • The remaining 5.21+/- acres are zoned commercial/retail fronting Highway 67 and Wintergreen.
  • Seller will convey a construction set of engineering and architectural plans for the planned active adult community as well as existing 3rd parties.
  • The Buyer will have to construct the storm water drainage improvements which is estimated to cost approximately $1MM.
  • Please note, the ability to pull building permits for the active adult portion of the Site is contingent on a permit for 6ksf retail pulled prior.
  • Seller will give a Buyer time to rezone the 8.56+/- acre portion.

OVERVIEW

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase all or a portion of a 13.77+/- acre development site located at the northwest quadrant of W. Wintergreen Road and US Highway 67 in rapidly growing Cedar Hill, TX just minutes south of the Dallas CBD (the “Site”). The Site is made up of two components, which can be bought together or separately, the first being an 8.56+/- acre active adult development site with the second being 5.21+/- acres of commercial, that can be padded out in the future, fronting US-67 and Wintergreen Road. The active adult site comes with completed plans for a 182 unit, 3-story, 55+ age restricted community. The Seller is open to a Buyer attempting to rezone the 8.56 acres to commercial while under contract if they prefer an alternative use. The Seller will convey the following at closing: existing architectural plans, engineering plans, and select third party reports. Pricing is as follows: Bulk Sale Asking Price (Entire 13.77+/- Acre Site): $5,998,212 ($10PSF). Asking Price for just the Back Acreage (8.56+/- Acres): $3,542,299 ($9.50PSF). Asking Price for just the Retail/Commercial Frontage (5.21+/- Acres): $4,085,056 ($18.00PSF). A 2% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this or sent information regarding this opportunity.

FOR SALE DETAILS

PRICE

$5,998,212 USD

PRICE/ACRE

$435,600/AC

PRICE/SF

$10 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

ZONED 13.77+/- ACRE DEVELOPMENT SITE

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Apartment Units - Senior

LAND ACRES

13.77 AC

LAND SF

599,821 SF

OFFSITE IMPROVEMENTS

Sewer, Water

ZONING

Zoned 2022-755

APN/PARCEL ID

65108604010010000,65108604010020000,65108604010030000

ASK ABOUT THIS PROPERTY

Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

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Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

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