1497 N J Elmer Weaver Fwy - Residential LAND FOR SALE


Cedar Hill, TX 75104 372,874 SF
$3,549,000 USD
214-556-1951
1497 N J Elmer Weaver Fwy, Cedar Hill, TX for Sale
$3,549,000 USD
Residential LAND - FOR SALE
1/4
372,874 SF

1497 N J Elmer Weaver Fwy
Cedar Hill, TX 75104


HIGHLIGHTS

  • The 8.56+/- acre Site is ideally located at the northwest quadrant of US Highway 67 and W. Wintergreen Road just three miles south of Interstate 20.
  • The Site is zoned through ordinance 2022-775 allowing for 182+/- units of “retirement housing” which is age restricted to 55+.
  • The Buyer will have to construct the storm water drainage improvements which is estimated to cost approximately $1MM.
  • Per the US Census Bureau, the population of Cedar Hill grew by 1.31% between 2020 and 2021 from 48,337 to 48,968.
  • Active adult rent comparables within a 15 mile radius are achieving market rents up to $2.21 psf.
  • In the immediate area are a number of national grocers, retailers, and restaurants such as Costco, Chick-fil-a, Starbucks, 7-Eleven, and more.

OVERVIEW

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase an 8.56+/- acre entitled active adult 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 comes with completed plans for a 182 unit, 3-story, 55+ age restricted community. The Seller will convey the following at closing: existing architectural plans, engineering plans, and select third party reports. The Site is 8.56+/- acres out of a larger 13.75+/- acre site which is set to have retail fronting US Highway 67 and Wintergreen Road, through which the Site will be accessible. This is an excellent opportunity to acquire a Site at a reduced price of $19,500 per developable unit, down from $23,764 per unit. 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 opportunity.

FOR SALE DETAILS

PRICE

$3,549,000 USD

PRICE/ACRE

$414,602/AC

PRICE/SF

$10 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Zoned Active Adult Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial

LAND ACRES

8.56 AC

LAND SF

372,874 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 Policy.