12901 Elam Road, Balch Springs, TX 75180 - MLS#20500086

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Brian Mattingly

[email protected] +1(817) 821-8898

$1,750,000

Est. payment - /mo

9.12 Acres Lot

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UPDATED:

09/16/2024 05:43 PM

Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active Option Contract

Purchase Type For Sale

Subdivision Rose Gardens

MLS Listing ID 20500086

Annual Tax Amount $2,036

Lot Size 9.123 Acres

Acres 9.123

Lot Dimensions 430x923

Property Description

The property is located on the north side of Elam Road, just 2 blocks east of IH-635 in Balch Springs. This area features almost 24,000 seniors 65+ in a 5-mile radius, which is forecasted to be just over 29,000 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 9.123 acres, perfect rectangular shape, and 429' of frontage on Elam Road. It is gently sloping with no FEMA flood plain. The frontage is zoned LR Local Retail, most of the balance is zoned MF-16 Multi-Family allowing 16 units per acre, and 2.5 acres is zoned Single Family. Townhome development would be ideal with two double loads of 82-foot lots. City staff said if multi-family, they would prefer market rate MF and NO tax credit. City water and city sewer mains are both nearby. Seller is motivated to get this sold.

Location

State TX

County Dallas

Zoning Mid-Density Res, SFR, and some Local Retail

Direction From IH-635, go east on Elam Road 4 tenths of a mile, and property on the left or north side of Elam Road.

Exterior

Utilities Available City Sewer, City Water, Electricity Available

Garage No

Building

Lot Description Acreage, Interior Lot, Many Trees

Others

Ownership LINVIC & Village Castle

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Owner/ Agent

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Wayne Burgdorf • Burgdorf Realty Group

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Brian Mattingly

+1(817) 821-8898

Agent | License ID: 0478451

Agent License ID: 0478451