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- LoopNet Team
Elam Rd
Balch Springs, TX 75180
Balch Springs Multi-Family Site of 6.76 Acres · Land For Sale
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6.76 AC
INVESTMENT HIGHLIGHTS
- Located just west of IH-635 in Balch Springs
- 6.761 Acres, Level, Some Pastoral Trees, No FEMA
- Email Wayne.Burgdorf@svn.com for full PDF Brochure
- Demos Show Many Nearby Seniors and Growing
- Ideal for Senior Housing
PROPERTY FACTS
DESCRIPTION
The property is located on the north side of Elam Road, just 2 blocks east of IH-635 in Balch Springs. This is in census 172.02, which is a HUD QCT (but not a DDA). This area features almost 21,000 seniors 65+ in a 5-mile radius, which is forecasted to be just over 27,000 in 5 more years. Elam Road is a 4-lane boulevard with raised median, but a median opening exists at the property. The city police/fire administration, city library, and city civic center are three buildings basically across the street. The site has 6.761 acres, decent shape, and 429' of frontage on Elam Road. It is gently sloping with no FEMA flood plain and an older stock pond. The 25% frontage is zoned LR Local Retail, and the balance 75% is zoned MF-16 Multi-Family allowing 16 units per acre. City staff said they could favor a full MF zoning for a senior product or veterans product. City water and city sewer mains are both nearby.
PROPERTY TAXES
| Parcel Number | 12062500000220000 | Improvements Assessment | $0 |
| Land Assessment | $142,230 | Total Assessment | $142,230 |
PROPERTY TAXES
