622 S Seven Points Blvd 5.3 Acres of Commercial Land Offered at $1,000,000 in Seven Points, TX 75143
EXECUTIVE SUMMARY
In an opportunity zone and a DDA area. Current market study shows high demand for apartment units. See attached.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,000,000 |
| Price Per AC | $188,679.25 |
| Lot Size | 5.30 AC |
5.3 acres is zoned multi-family. The city is willing to consider rezoning for multi-family for the fron.
DESCRIPTION
Great location for an OZ Zone and a DDA area for apartment. We have land planned a 120 unit complex that the city likes. There is only one apartment complex near the site that is off FM 274 and it stays fully leased. Seven Points Blvd is the main street in Seven Points. Restaurants and small business' located close by including Brookshires grocery. All utilities are at the site and has capacity.
PROPERTY TAXES
| Parcel Number | 0503-0150-CC00-59 | Improvements Assessment | $0 |
| Land Assessment | $209,531 | Total Assessment | $209,531 |
