This property is located at the intersection of Edmonds Lane and Valley View Drive. A portion of this property is within the ?oodplain and ?oodway, yielding a total developable acreage of approximately 8 acres. Homes in the surrounding area were built in the 90’s with pricing ranging from the upper $300,000’s to the mid $500,000’s.
Rare Development Opportunity: The Property is one of the few large undeveloped tracts of land remaining in the heart of Lewisville. Nearly all of the area surrounding the property is builtout with almost no land available for development. This phenomenon has contributed to the rise in existing home prices in the immediate area leaving a shortage of inventory for new homes.
Centralized Proximity: The Property’s centralized location makes it highly desirable for commuters looking for convenient access to nearby highways. The intersection of State Highway 121 and Interstate 35E is less than 5 miles east of the Property. Additionally, downtown Lewisville and the Denton County A-Train commuter rail is only ±3 miles away. This allows commuters the ability to avoid traffic and ride the A-Train, which connects to the DART Light Rail system to the south, providing easy access to Downtown Dallas, Las Colinas and DFW International Airport.
Exceptional Growth: The property is in a high growth area projected to continue seeing strong population, employment and income growth. The proximity to major employment and commuting centers make it ideal for residents commuting to Legacy, Frisco, Las Colinas, Dallas or Fort Worth.
Impressive Demographics: There are over 108,600 residents with median household incomes of over $78,000 within 3 miles of the Property. The area is mostly built out with high barriers to entry. New residential development is projected to perform extremely well based on the limited supply and unmet demand.
