3700 State Highway 31
Corsicana, TX 75110
Corsicana Texas 280-Acre Development Tract · Land For Sale · 280.00 AC

The Property is located in Corsicana, the County Seat of Navarro County, about 50 miles S/SE of downtown Dallas. Corsicana has strong local employment but a severe housing shortage. The 2017 city study on their web site indicates 180 rental units and 154 housing units could be absorbed annually, but little new product is being built. The city is pro-development and welcomes developers. The Property is located in western Corsicana where some of the newer development is located. It is located at the NW quadrant of SH-31 & FM 2555 (N.45th Street). It has approximately 280 acres with plenty of road frontage on each street. It contains 35 acres of commercial, 18 acres of multi-family, and 227 acres of residential land. It is gently rolling with few trees, and only a trace of flood plain. It has workable easements and city utilities are adjacent. The land has some designed phases with Phase I being all the commercial land, the multi-family land, and some of the residential land. Phase I is in a TIFF district with $8.2MM of reimbursements available to the developer.