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Fallmeadow
Denton, TX 76207
Multi-Family Site - 4.11 Acres Fallmeadow St · Land For Sale
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4.11 AC
Investment Highlights
- Located in NW Denton where apartment rents and occupancies are strong
- Well Suited for PFC or 9% LIHTC Development
- Contact Wayne.Burgdorf@svn.com
- Clean site with 4.11 acres (expandable), almost square, level, no flood, all utilities
- Seller Will Give Time for Zoning
Executive Summary
The property is located in north central Denton on Fallmeadow Street, ±2 miles from UNT & ±1.5 miles from TWU. There are a mix of single & multi-family properties in the immediate area of all ages including new apartments. Fallmeadow St. is a neighborhood artery. Nearby apartment rents and occupancies are very good. The land has 4.1149 acres per a 2022 survey. It is almost square with 409’ of frontage on Fallmeadow. The tract is unplatted, is gently sloping with few trees and no FEMA flood or creeks. It has no unusual easements per the Survey and reportedly all utilities. The tract is zoned R7 Residential which needs an SUP for apartments, and the Future Land Use Map shows “moderate residential” which is the most dense designation in the city. Prior development plan proposed 170 units. It is expandable with 6-10 more acres. Pricing herein is for 9% LIHTC, make any offer that works.
Property Facts Under Contract
1 Lot Available
Lot
| Price | $2,975,000 | Lot Size | 4.11 AC |
| Price Per AC | $723,844.28 |
| Price | $2,975,000 |
| Price Per AC | $723,844.28 |
| Lot Size | 4.11 AC |
4.11-Acre clean site suited for multi-family development.
Property Taxes
| Parcel Number | R36919 | Improvements Assessment | $0 |
| Land Assessment | $1,398,061 | Total Assessment | $1,398,061 |
Property Taxes
Parcel Number
R36919
Land Assessment
$1,398,061
Improvements Assessment
$0
Total Assessment
$1,398,061
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