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- LoopNet Team
Highway 31 West
Corsicana, TX 75110
West Corsicana 116 Finished SFR Lots · Land For Sale
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23.99 AC
INVESTMENT HIGHLIGHTS
- Corsicana has a Severe Housing Shortage and Strong Local Employment
- Base Lot is 70x 120
- Additional Phases Planned
- These 116 lot are Under Development and Ready in early 2022
- Suited for A Sales or Rental Addition
- Contact Wayne at Wayne.Burgdorf@svn.com for Full Info
PROPERTY FACTS
DESCRIPTION
These are 116 finished SFR lots under development.? Corsicana is the county seat of Navarro County, 50 miles S/SE of downtown Dallas.? It has excellent local industry and employment which is expanding, but a severe housing shortage.? The city commissioned a housing study in 2017 showing 154 housing units could be absorbed annually and 180 apartment units could be absorbed annually, but little inventory has come on line.? The lots are located in West Corsicana walking distance to the new Wal-mart.? A Highway 31 bypass to be completed in the Fall of 2021 will allow traffic to avoid going through town to get to IH-45.? There are 116 lots, base lot size of 70' x 120', 56' x 85' house envelop, 800 SF minimum, and developer may impose additional deed restrictions as there are remaining phases designed after this first phase.? Lots are generally level with no retaining walls required.? The lots can be bought in a large take down with about 50% on the east side finished and taken first.? The average price is $52,000/lot, or $743/front foot.? Suited for a sales or BFR addition.?
PROPERTY TAXES
| Parcel Number | 35520 | Improvements Assessment | $0 |
| Land Assessment | $72,000 | Total Assessment | $72,000 |
PROPERTY TAXES
