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$ 1,990,000
Est. payment | /mo
15.65 Acres Lot
$ 1,990,000
Est. payment | /mo
15.65 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active Option Contract
Purchase Type For Sale
Subdivision Corsicana
MLS Listing ID 20593189
Annual Tax Amount $18,874
Lot Size 15.650 Acres
Acres 15.65
Property Description
This site is located in Corsicana, the county seat of Navarro County 50 miles SE of Dallas. They have a definite housing shortage per consultants they have hired and a 2017 Housing Study posted on the city web site. The city has a sound corporate base with many employers providing jobs for area residents. Older existing apartments have high rental rates and occupancies. The site is in West Corsicana in a Non-Metro DDA (but no QCT or OZ). It is zoned M2 Multi-family, where density allows up to 426 units. It has 15.65 acres and is pretty clean with no flood plain, no unusual easements, and all utilities. It is priced for an investor or mid-density development.
Location
State TX
County Navarro
Zoning MF2, allowing 27 upa
Direction From intersection of Business 31 & N. 45th Street, go north on N. 45th street, on left before you get to Skylane.
Exterior
Utilities Available Asphalt, City Sewer, City Water, Electricity Available
Garage No
Building
Lot Description Acreage, Cleared, Interior Lot
Structure Type Other
Others
Ownership Lots 102 Holdings
Acceptable Financing Cash
Listing Terms Cash
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Listed by Wayne Burgdorf • Burgdorf Realty Group
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