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962 S Mitchell Rd
Mansfield, TX 76063
87 Townhome Lots (Paper or Finished) · Land For Sale
·
7.87 AC
Investment Highlights
- The Site is currently zoned in a Planned Development allowing for attached townhomes with a minimum living area of 1,500 square feet.
- The zoning allows for “For Sale” or “For Rent” products to be developed on the Site.
- The Site is served by Mansfield ISD which has an “A” rating per Niche.com.
- This Site is strategically positioned less than half a mile between Highway 287 and State Highway 360.
- Per the Planned Development guidelines, the Site has a minimum lot size of 22’ x 80’ and requires rear-entry access.
- The Median Home Price per Square Foot in Mansfield is $182.48 as of November 2024.
Property Facts Under Contract
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Single Family Development |
| Property Type | Land | Total Lot Size | 7.87 AC |
| Zoning | PD | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 7.87 AC |
| Zoning | PD |
1 Lot Available
Lot
| Price | $3,873,351 CAD | Lot Size | 7.87 AC |
| Price Per AC | $492,166.61 CAD |
| Price | $3,873,351 CAD |
| Price Per AC | $492,166.61 CAD |
| Lot Size | 7.87 AC |
Description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer home builders and developers the opportunity to acquire 87+/- townhome lots (the “Site”) located along South Mitchell Road in Mansfield, TX; Ownership’s preference is to sell paper lots but they would also be open to selling and developing finished lots. Ideally situated equidistant to Highway 287 and State Highway 360, the Site benefits from Planned Development Zoning, which allows for attached townhomes that would be conducive to “For Sale” or “For Rent” product. Ownership has a conditional preliminary plat that is pending city approval showing 87 townhome lots, with primarily 22’ x 80’ lot sizes. The Planned Development Zoning requires a minimum living area of 1,500 SF and rear entry garages. The Site is served by Mansfield ISD which has an "A" rating per Niche.com. This represents an exceptional opportunity to deliver a new residential offering in a thriving suburb of the DFW metroplex at a price of only $32,000 per paper lot or $82,000 per finished lot.
