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Century Way & I-35 E
Red Oak, TX 75154
Tract E - ±17.85 Acre Commercial Site · Land For Sale
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17.85 AC
INVESTMENT HIGHLIGHTS
- Prime location along I-35E, which sees a car count in excess of 91,000 VPD
- Just minutes from the proposed Loop 9 Tollway and recently constructed $71 million Red Oak High School and Texas State Technical College campus
- Population within a 5 mile radius saw over 56% growth from 2010-2020
- Close proximity to a large number of new single-family subdivisions and multifamily developments
- Average Household Income within a 5 mile radius of the property is over $95,000
- Zoning allows regional retail, auto sales, lodging, medical, office and limited service uses
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 17.85 AC |
| Lot Size | 17.85 AC |
DESCRIPTION
EXCELLENT LOCATION: The Property enjoys a prime location on Century Way, along I-35E between Ovilla Rd and W Red Oak Rd, near prominent retail centers in Red Oak, Texas. The Property is in close proximity to Red Oak’s top employer, Triumph Aerostructures as well as TxDOT’s Proposed Loop 9 Tollway, the recently constructed $71 million Red Oak High School and Texas State Technical College campus. PRIME DEVELOPMENT SITE: The subject property consists of an approximately 17.85 acre tract with highway visibility. The liberal “HO” zoning district is intended as a regional center, allowing uses such as clinic/hospital, lodging and auto sales. The Property boasts highway visibility, excellent exposure to vehicular traffic and superb access from both W Red Oak Rd and the I-35E access road. STRONG POPULATION GROWTH: From 2000 through 2014, Red Oak’s phenomenal 209% growth in taxable sales is unsurpassed by neighboring cities. From 2010 to 2020, the population within a 5 mile radius of the Property saw 56.8% growth. The population in that same area is expected to grow another 11.3% between 2021 and 2026. The surge in population density in the area makes this an ideal location for commercial development. MANY AREA TRAFFIC DRIVERS: Retailers in close proximity include Walmart, Starbucks, Brookshire’s, CVS Pharmacy, Walgreens, Ace Hardware, Family Dollar, Dollar General, McDonald’s, Racetrac and Walmart Neighborhood Market, among many others.
