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$2,500,000
Est. payment /mo
1.07 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Horizon Place
MLS Listing ID 21382861
HOA Y/N None
Annual Tax Amount $7,911
Lot Size 1.075 Acres
Acres 1.075
Property Sub-Type Unimproved Land
Property Description
Prime mixed use development opportunity in Downtown Fate, TX. Property offered for 2.5M with seller also open to a potential development partnership with a qualified builder or developer. Under a partnership structure, seller's contribution would be the land, with builder or developer responsible for development and construction investment, subject to mutually agreed upon terms.
Plans have been developed for a mixed use project featuring ground floor retail with residential apartments above. Seller represents that permits for the proposed development have already been approved by the City of Fate.
Excellent opportunity to acquire the property outright or partner with the landowner to bring an already planned Downtown Fate project to life. Contact listing agent for plans, permit information and partnership details. Buyer and buyer's agent to independently verify zoning, permits, approvals, development requirements, utilities and all information.
Plans have been developed for a mixed use project featuring ground floor retail with residential apartments above. Seller represents that permits for the proposed development have already been approved by the City of Fate.
Excellent opportunity to acquire the property outright or partner with the landowner to bring an already planned Downtown Fate project to life. Contact listing agent for plans, permit information and partnership details. Buyer and buyer's agent to independently verify zoning, permits, approvals, development requirements, utilities and all information.
Location
State TX
County Rockwall
Zoning Commercial
Direction GPS
Exterior
Utilities Available None
Garage No
Building
Lot Description Acreage, Corner Lot
Schools
Elementary Schools Vernon
Middle Schools Bobby Summers
High Schools Royse City
School District Royse City Isd
Others
Restrictions No Known Restriction(s),Unknown Encumbrance(s)
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21382861
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Listed by Evelyn Yanez • Monument Realty
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