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1991 W Henderson St - Hill College Adjacent 12.875 acres 12.87 Acres of Commercial Land Offered at $3,645,000 in Cleburne, TX 76033

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INVESTMENT HIGHLIGHTS

  • Key piece located on the fast developing western side of Cleburne
  • Near the College and the Hospital
  • High elevation with great visibility

EXECUTIVE SUMMARY

Land is highly suitable to a large multifamily development with great visibility form Henderson and Highway 67. Located directly adjacent to Hill College and just across the highway from Cleburne's only hospital. The hard corner could be sectioned off for a convenience store with enough land remaining to still develop multifamily. Cleburne recently updated zoning ordinance allows for 36 units per acre multi family. This eastern side of town has a large demand for multifamily units as shown by the Chisolm Trail complex directly behind it has a low vacancy rate and was completed recently. The single-family development that is to the south is entering into phase III of construction and will eventually bring over 500 rooftops to the area with University Drive completed at Henderson and eventually extending all the way south to Country Club Road and the golf course.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $3,645,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Apartment Units
  • Convenience Store
Total Lot Size 12.87 AC
Zoning Regional Commercial - See City of Cleburne Zoning Ordinance

1 LOT AVAILABLE

Lot

Price $3,645,000
Price Per AC $283,216.78
Lot Size 12.87 AC

Hard corner large lot that is adjacent to Hill College in Cleburne, TX. Has access from both Henderson Street, a.k.a. Business 67, which is the main east/west artery of Cleburne. Is also less than 1,000 feet from the intersection with Highway 67.

DESCRIPTION

Vacant tract of land sitting on one of the highest points in Western Cleburne at the intersection of West Henderson Street and Mayfield Parkway directly adjacent to Hill College. Property has access to both Henderson and Mayfield Parkway with all utilities to the site. Gentle slope towards the rear of the property and towards Lake Cleburne. Any multi-story development would have views for miles.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
126-0400-00231
Land Assessment
$3,016,994
Improvements Assessment
$0
Total Assessment
$3,016,994
  • Listing ID: 31320030

  • Date on Market: 3/25/2024

  • Last Updated:

  • Address: 1991 W Henderson St, Cleburne, TX 76033

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