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- LoopNet Team
South Washington Street and Lakeside Drive
Kaufman, TX 75142
Zoned Build-to-Rent Development Site · Land For Sale
·
9.02 AC
INVESTMENT HIGHLIGHTS
- The approximately 9.02+/- net acre site is located 35 miles southeast of Downtown Dallas via Highway 175.
- The spine road, Five Points Drive, has been constructed providing access to the site from Washington Street & brought all necessary infrastructure.
- The Site currently has an approved Planned Development (PD) and Development Agreement in place with the City of Kaufman.
- The net acres is calculated out of a 10.16+/- Acre site and accounts for the Right-of-Way and Encore easement as shown in the Preliminary Plat.
- Nearby single family builders such as Bloomfield Homes in their Kings Fort community are selling homes ranging from $329k-$552k.
- Per the PD, the Build-to-Rent Site allows for up to 12 units per acre.
PROPERTY FACTS
DESCRIPTION
Vanguard Real Estate Advisors has been exclusively retained by Ownership to offer builders and developers the opportunity to purchase a 9.02+/- net acre (10.16+/- gross acres) build-to-rent development site within the Five Points mixed-use development in Kaufman, TX just 35 miles southeast of Downtown Dallas along Highway 175. The Site is zoned in a Planned Development which provides for 12 units per acre density allowing up to 121 units; there is a Concept Plan in the due diligence vault showing 93 build-to-rent units. The overall mixed-use development will also include multifamily, commercial, townhomes, and single family. The Seller has constructed the spine road (Five Points Drive) as well as brought sewer, storm water, and potable water to the Site. The Site is within the City of Kaufman’s Tax Increment Reinvestment Zone 2A.
PROPERTY TAXES
| Parcel Number | 54862 | Improvements Assessment | $0 |
| Land Assessment | $2,468,000 | Total Assessment | $2,468,000 |
PROPERTY TAXES
