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300 N 45th St
Corsicana, TX 75110
Corsicana Multi-Family Land · Land For Sale
·
15.65 AC
INVESTMENT HIGHLIGHTS
- Located In Corsicana, 50 miles SE of Dallas With Many Employers
- The Site is in West Corsicana with Many Good Neighborhood Features
- Suited for 4% LIHTC, PFC, or 51@80 Developments
- Corsicana Has A Housing Shortage and Older Apartments Have High Rents & Occupancies
- The Site has 15.65 acres, is zoned MF2, level, no flood, all utilities, CLEAN
- Contact Wayne for more info and PDF brochure at wayne.burgdorf@svn.com
EXECUTIVE SUMMARY
PROPERTY FACTS Under Contract
| Sale Type | Owner User | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 15.65 AC |
| Zoning | MF2 Multi-Family - MF2 Multi-Family | ||
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 15.65 AC |
| Zoning | MF2 Multi-Family - MF2 Multi-Family |
1 LOT AVAILABLE
Lot
| Price | $2,233,472 CAD | Lot Size | 15.65 AC |
| Price Per AC | $142,713.87 CAD |
| Price | $2,233,472 CAD |
| Price Per AC | $142,713.87 CAD |
| Lot Size | 15.65 AC |
Clean multi-family zoned lot in West Corsicana. Corsicana has a severe housing shortage.
DESCRIPTION
This site is located in Corsicana, the county seat of Navarro County 50 miles SE of Dallas. They have a definite housing shortage per consultants they have hired and a 2017 Housing Study posted on the city web site. The city has a sound corporate base with many employers providing jobs for area residents. Older existing apartments have high rental rates and occupancies. The market rate apts across the street built in 2021 are at $1.68/sf. The site is in West Corsicana in a Non-Metro DDA (but no QCT or OZ). It is zoned M2 Multi-family, where density is right at 27 upa in the ordinance. It has 15.65 acres and is pretty clean with no flood plain, no unusual easements, and all utilities. The same development has commercial pads, so you can join Burger King, McDonalds, Chase, Dutch, Laynes, a full service car wash, and others coming.
