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1497 N J Elmer Weaver Fwy - ZONED 13.77+/- ACRE DEVELOPMENT SITE 13.77 Acres of Commercial Land Offered at $8,364,507 CAD in Cedar Hill, TX 75104
Investment Highlights
- The 8.56+/- acre portion is zoned through ordinance 2022-775 allowing for 182+/- units of “retirement housing” which is age restricted to 55+.
- Seller will convey a construction set of engineering and architectural plans for the planned active adult community as well as existing 3rd parties.
- Please note, the ability to pull building permits for the active adult portion of the Site is contingent on a permit for 6ksf retail pulled prior.
- The remaining 5.21+/- acres are zoned commercial/retail fronting Highway 67 and Wintergreen.
- The Buyer will have to construct the storm water drainage improvements which is estimated to cost approximately $1MM.
- Seller will give a Buyer time to rezone the 8.56+/- acre portion.
Executive Summary
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase all or a portion of a 13.77+/- acre development site located at the northwest quadrant of W. Wintergreen Road and US Highway 67 in rapidly growing Cedar Hill, TX just minutes south of the Dallas CBD (the “Site”). The Site is made up of two components, which can be bought together or separately, the first being an 8.56+/- acre active adult development site with the second being 5.21+/- acres of commercial, that can be padded out in the future, fronting US-67 and Wintergreen Road. The active adult site comes with completed plans for a 182 unit, 3-story, 55+ age restricted community. The Seller is open to a Buyer attempting to rezone the 8.56 acres to commercial while under contract if they prefer an alternative use. The Seller will convey the following at closing: existing architectural plans, engineering plans, and select third party reports.
Pricing is as follows:
Bulk Sale Asking Price (Entire 13.77+/- Acre Site): $5,998,212 ($10PSF).
Asking Price for just the Back Acreage (8.56+/- Acres): $3,542,299 ($9.50PSF).
Asking Price for just the Retail/Commercial Frontage (5.21+/- Acres): $4,085,056 ($18.00PSF).
A 2% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this or sent information regarding this opportunity.
Pricing is as follows:
Bulk Sale Asking Price (Entire 13.77+/- Acre Site): $5,998,212 ($10PSF).
Asking Price for just the Back Acreage (8.56+/- Acres): $3,542,299 ($9.50PSF).
Asking Price for just the Retail/Commercial Frontage (5.21+/- Acres): $4,085,056 ($18.00PSF).
A 2% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this or sent information regarding this opportunity.
Property Facts
| Price | $8,364,507 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 13.77 AC |
| Property Type | Land | ||
| Zoning | Zoned 2022-755 | ||
| Price | $8,364,507 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 13.77 AC |
| Zoning | Zoned 2022-755 |
1 Lot Available
Lot
| Price | $8,364,507 CAD | Lot Size | 13.77 AC |
| Price Per AC | $607,444.21 CAD |
| Price | $8,364,507 CAD |
| Price Per AC | $607,444.21 CAD |
| Lot Size | 13.77 AC |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $2,005,751 CAD | Total Assessment | $2,005,751 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,005,751 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,005,751 CAD
Contacts
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Jordan Cortez -
Mason John -
Will Droese -
Justin Tidwell -
Reid Pierce -
Haley Birmingham -
Alex Johnson -
Tim Marron -
Vanguard Real Estate Advisors
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1497 N J Elmer Weaver Fwy - ZONED 13.77+/- ACRE DEVELOPMENT SITE
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