$24,850,000

Canceled
Unimproved Land

Listing Snapshot

Price $24,850,000
Lot Size 245.40 Acres
MLS Number 20585647
HOA None
Days Online a year ago
Property Tax $493

Description

The Terrell Galaxy is a 248.5-AC property with an AG exemption. It is situated within the city limits of Terrell. Location is perfect for a mixed-use development that can include Hwy Commercial, Multi-Family, Build-To-Rent, and Single-Family uses, among others. The property is situated along I-20 and County Rd 305. TxDOT bought the right-of-way from the previous owner to construct a frontage road, currently in the design phase. Construction is expected to begin soon. For more details, contact TxDOT. The Hwy Commercial portion is est. to be 31.7+ AC, which can accommodate a massive hwy corridor business district of 193,780 SF. Resid. portion is est. to be 216.8+ AC, allowing 926 single-family homes, with each lot est. to be ~ 6,000 SF in size & measuring 60 ft wide by 100 ft deep. Tract is not in 100 & 500-year flood zones per Survey.City of Terrell plans to bring utilities to the subject tract & other nearby developments. For more info on the utilities, plz contact the City of Terrell.

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214-705-3911

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Interior Features

  • Utilities

    Electricity Available / No Sewer

Exterior Features

  • Soil type

    Unknown / Other

  • Lot Features

    Acreage / Agricultural

Schools

  • School District

    Terrell ISD

  • Elementary School

    Burnett

  • Middle School

    Furlough

  • High School

    Terrell

Market Snapshot - 75160 Zip

Least Expensive Listing $15,000
Most Expensive Listing $14,900,000
Average Price $654,274
10350 County Road 305 $24,850,000

Walk Score

Map

Listing Courtesy of Mani Jacob, Beam Real Estate, LLC. - 214-670-9494