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Highway 66 - 813 W Holiday - 3 Acres COM Land off Hwy 66 Fate Rockwall TX 3.1 Acres of Commercial Land Offered at $700,000 in Rockwall, TX 75087
INVESTMENT HIGHLIGHTS
- 2- 5 acres of readily developable land
- Surrounded by robust Forward Fate development, nearby Fate Main Place town square, rich with dining, entertainment, office, mixed use growth.
- Located right outside of the main entrance to Fate's largest master planned community with over 4000 SFR, guaranteeing maximum traffic
- Mixed Use Zoning allows for Multifamily, office, retail, restaurant, neighborhood services,
- High traffic and highly visible location off Highway 66, less than 0.2 miles off Interstate-30
EXECUTIVE SUMMARY
Survey available, but replat required to create divisibilities. Seller to work with buyer to complete during the due diligence period.
Tract 1 is approximately 2.1 acres with 227' frontage on Highway 66, and the contiguous Tract 2 is approximately 3.1 acres to the north or behind the church, giving the purchaser over 5 acres of shovel ready land for development.
Highlights include:
- Forward Fate is CoMixed-Use Center that invites fiscally sustainable, pedestrian scaled, high quality development supportive of growth in downtown Fate and surrounding neighborhoods.
- Forward Fate overlay includes a robust mix of housing types, with higher development intensities along major thoroughfares - such as this along Highway 66 - with active frontages for pedestrian activity, incorporating parks to create half-mile walkshed.
- Subject property is located outside of Woodcreek community's main entrance and clubhouse. Woodcreek is the largest housing development in the city of Fate with over 4000 SFR homes.
- Rockwall boasts an affluent demographic with twice the national average household income, and four times the average net worth.
- Ranked by Money Magazine and US Today as one of the Top Four places in the US to live, making this an ideal target market for commercial development.
- Rockwall County ranks in the Top 5 in Texas counties for purchasing power
- With over $1.5 Billion in state roadway funding, including $750 Million spent widening Interstate 30 further establish Rockwall as a destination hub in DFW
- NAR names Dallas-Fort Worth the #2 market to watch in 2024, surpassing Chicago Dallas is now the #3 DMA in the United States.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 2
| Price | $700,000 | Lot Size | 3.10 AC |
| Price Per AC | $225,806.45 |
| Price | $700,000 |
| Price Per AC | $225,806.45 |
| Lot Size | 3.10 AC |
Tract 1: 2.1 Acres - Frontage on Hwy 66 Tract 2: 3.1 Acres - located behind, or North of FBC Fate building The church building, parking lot, improvements, and tract on which they sit are not for sale. Survey available. Requires replat.
DESCRIPTION
Forward Fate Planned Development overlay for Fate Main Place and the surrounding areas prescribe this area as perfectly suited for Suburban Neighborhood or possibly Supportive Commercial. Suburban Neighborhood place type provides for low-to-moderate density residential land uses intermixed with areas of commercial development. Predominant land uses include single-family and multi-family development, retail and office uses, and other ancillary institutional and public uses such as schools, parks, and places of worship. Provides for ‘missing middle’ housing such as townhomes and accessory dwelling units. Land Uses include: SFR, Multifamily, commercial services, places of assembly, community buildings and facilities, schools, parks, recreation facilities, Suburban R-1, R-2, Residential Urban R-3, Neighborhood Commercial. The Supportive Commercial place type is defined by large retail and professional service uses, often located in multi-tenant shopping centers and office buildings, as well as hotels, restaurants, and other services. Supportive Commercial land uses are of a scale and character to serve as a citywide and regional draw. Land Uses Include: General Retail. Shopping Centers, Professional Offices, Highway Commercial, Professional Office, Neighborhood Commercial
PROPERTY TAXES
| Parcel Number | 46926 | Improvements Assessment | $354,677 |
| Land Assessment | $1,216,422 | Total Assessment | $1,571,099 |
PROPERTY TAXES
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Highway 66 - 813 W Holiday - 3 Acres COM Land off Hwy 66 Fate Rockwall TX
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