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- LoopNet Team
2301 Woodlawn Blvd
Denison, TX 75020
Katy Trails Village · Land For Sale
·
36.34 AC
INVESTMENT HIGHLIGHTS
- The Site is currently zoned in a Planned Development allowing for 300 multifamily units, 77 townhome units, and a 1.41+/- acre retail site.
- Ownership will also be conveying all third-party reports and existing construction plans for the Coffin Street Right-of-Way at Closing.
- According to the US Census Bureau, Grayson County has a population of approximately 146,907 as of July 2023, an increase of 8.4 percent since 2020.
- The Site is located within a Tax Increment Reinvestment Zone (TIRZ) with funds reserved to reimburse developers for eligible expenses.
- The Site is located approximately 4 miles northeast of Gateway Village where Highland Homes is currently selling homes up to $574,860.
PROPERTY FACTS
DESCRIPTION
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer qualified builders and developers the opportunity to purchase a 36.34+/- acre mixed-use development site known as Katy Trails Village in Denison, TX. The Site is currently zoned in a Planned Development allowing for 300 multifamily units, 77 townhome units and a 1.41+/- acre retail site. The Site is located in southern Denison along Woodlawn Boulevard and West Coffin Street approximately one mile north of Eisenhower Parkway (Spur 503), connecting to US-75 1.5 miles west. The Site will also greatly benefit from having direct access to the Denison Katy Trail, which will be a 2.3 mile trail system connecting Downtown Denison to the southern sector of the city; Phase Two of the Katy Trail system will serve the development. The Site is located within a Tax Increment Reinvestment Zone (TIRZ) with funds reserved to reimburse developers for select eligible expenses. This represents a great opportunity to acquire a mixed-use development site with entitlements and utilities in place at $1.89 psf. A 1.5% Co-Broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity. If seeking a Co-Broker Fee, the third-party broker must be identified upon initial conversation with listing broker.
