605 Freeway Service Road - Old Brickyard Golf Course 135.22 Acres of Commercial Land in Ferris, TX 75125
INVESTMENT HIGHLIGHTS
- * Excellent visibility and access from IH-45. 4,000 LF of frontage
- * Directly across IH-45 from Woodstone.
- * Just south of Loop 9 interchange with IH-45.
EXECUTIVE SUMMARY
Golf course is profitable; however, it is not being sold as a golf course necessarily. Pricing is based on land value and that pricing places it out of a range that would make sense as a golf course's going concern value.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 135.22 AC |
| Zoning | CC - Commercial corridor - Property is partially in Ellis County and partially in Dallas County. Portion in Ellis County is in the Ferris city limits with a CC zoning. |
1 LOT AVAILABLE
Lot
| Lot Size | 135.22 AC |
135.22 Acres 18-hole, 6,500 yard golf course with club, cart warehouse and maintenance shop. Golf course built in 2001 Over 4,000 LF frontage on IH-45, great visibility and access from three sides. 47,437 cars per day traffic count IH-45
DESCRIPTION
This property presents a prime mixed-use development tract with ~4,000 LF of IH-45 frontage, just 20 miles south o f the Dallas CBD. An established golf course, the Old Brickyard Golf Club has an exceptional course layout, access to water for irrigation, an excellent practice facility as well as a stocked pro-shop and full service bar and grill open Friday-Sunday. The land is much more valuable for mixed use development than the golf course is as a going concern; however, the going concern does cash flow for a developer while plans are made to capitalize on the property's frontage as well as its close access to Loop 9 directly north of the property, and Woodstone (former South Creek Ranch) the conceptual 5,000+ acre master-planned community directly across IH-45. This tract presents a wonderful opportunity for a high exposure, mixed use development .
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $378,519 | |
| Land Assessment | $630,975 | Total Assessment | $1,009,494 |
