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- LoopNet Team
1550 N 9th St
Midlothian, TX 76065
Midlothian Multifamily Development Site · Land For Sale
·
4.38 AC
INVESTMENT HIGHLIGHTS
- Approximately $750,000 in development costs spent
- Excavation and dirt work is completed along with the installation of two drainage vaults
- Located across from J.A. Vitovsky Elementary School
- Electricity, sewer, and water have already been delivered to the site
- 385 feet of frontage on 9th Street and 475 feet along Henderson Street
- Average occupancy is 95.9% in Midlothian
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Commercial | Total Lot Size | 4.38 AC |
| Zoning | MF - Multifamily | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 4.38 AC |
| Zoning | MF - Multifamily |
DESCRIPTION
9th Street Flats is a vacant land development opportunity located at 1550 North 9th Street in Midlothian in Ellis County, TX, part of the greater Dallas–Fort Worth–Arlington, TX Metropolitan Statistical Area (MSA) or Dallas / Fort Worth Metroplex. With a net site size of 4.389 acres, the property is situated on the east side of 9th Street, less than two miles from the heart of Midlothian. At build-out, 9th Street Flats is projected to have 80 units in five floorplans consisting of 32 one-bedroom / one-bathroom units measuring 660 and 737 square feet, 8 two-bedroom / one-bathroom units measuring 885 square feet, 32 two-bedroom / two-bathroom units measuring 1,075 square feet, and 8 three-bedroom / two-bathroom units measuring 1,218 square feet. The community average unit size is a spacious 920 square feet per unit. Architectural designs for electrical, engineering, landscaping, mechanical, plumbing and utilities have been completed and approved by the City of Midlothian.
PROPERTY TAXES
| Parcel Number | 215829 | Improvements Assessment | $0 |
| Land Assessment | $1,170,052 | Total Assessment | $1,170,052 |
PROPERTY TAXES
