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Griffith Ave 13.38 Acres of Commercial Land in Terrell, TX 75160
Investment Highlights
- Fully entitled and development-ready parcel with all City of Terrell approvals secured.
- Flexible path to build – create independently or collaborate on design and construction.
- Significant incentive savings, including reduced impact fees and tax exemptions for early development.
- Comprehensive documentation, including civil plans, grading, and surveys, provided for buyer convenience.
- Prime location near I-20, FM 148, and close to retail, outlets, and community amenities.
- City assumes long-term street maintenance responsibilities, reducing future developer costs.
Executive Summary
This fully entitled and shovel-ready residential development site offers an extraordinary opportunity in Kaufman County, one of the fastest-growing areas in the U.S. A signed Development Agreement with the City of Terrell is already in place, with all entitlements and approvals secured and a detailed document package prepared for seamless execution. The property supports the creation of 28 premium lots, each with a minimum lot size of 14,000 square feet, enabling the development of homes with a minimum size of 3,000 square feet with air conditioning.
The site provides full flexibility—buyers can choose to build independently or collaborate on community design and construction. The sale includes all rights, entitlements, and agreements associated with the project. Incentives include a 50% property tax exemption for three years and City-maintained streets for long-term reduced ownership burdens. Situated near major routes such as I-20 and FM 148, this offering allows quick access to the Dallas-Fort Worth Metroplex, Tanger Outlets, and regional amenities. Backed by recent economic confidence demonstrated by significant area investments, this property is positioned for strong absorption and premium pricing in a growing residential market.
The site provides full flexibility—buyers can choose to build independently or collaborate on community design and construction. The sale includes all rights, entitlements, and agreements associated with the project. Incentives include a 50% property tax exemption for three years and City-maintained streets for long-term reduced ownership burdens. Situated near major routes such as I-20 and FM 148, this offering allows quick access to the Dallas-Fort Worth Metroplex, Tanger Outlets, and regional amenities. Backed by recent economic confidence demonstrated by significant area investments, this property is positioned for strong absorption and premium pricing in a growing residential market.
Property Facts
1 Lot Available
Lot
| Lot Size | 13.38 AC |
| Lot Size | 13.38 AC |
Description
13.398-acre residential land tract located on Griffith Avenue in Terrell, TX. The property has an executed Development Agreement with the City of Terrell, and approvals have been secured for 28 lots. Located south of Interstate 20 and near FM 148, the site provides convenient access to the Dallas-Fort Worth Metroplex and surrounding amenities. Future street maintenance will be undertaken by the city.
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 41661 | Improvements Assessment | $0 |
| Land Assessment | $880 | Total Assessment | $880 |
Property Taxes
Parcel Number
41661
Land Assessment
$880
Improvements Assessment
$0
Total Assessment
$880
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