SEC John King & FM 1141 blvd blvd - Rockwall Signalized Corner Commercial/MU Site 16 Acres of Commercial Land Offered at $5,720,320 CAD in Rockwall, TX 75087

This tract is located in NE Rockwall, where John King Blvd. was recently built to open up this end of town. There are currently several upscale SFR additions along this corridor, with houses starting at $600K. John King is a 4-lane Boulevard that will eventually be SH-205, and will be expanded to 6 lanes by narrowing the median. The property is located at the signalized SE corner of John King Blvd. & FM 1141. FM 1141 will likely be widened in the near future. It is in the Rockwall ISD. The Ladera Addition adjoins it to the south, and the Terraces Addition adjoins it to the east. It has 16 acres and can be expanded with one additional acre owned by the city as excess ROW. It is almost square in shape. The terrain is varied as it is gently sloping but has a bisecting creek with flood (about 3 acres) on the rear acreage. It is still zoned AG and the city is favorable to neighborhood commercial along John King and the rear being commercial campus or even nice townhomes for owner occupancy, but no MF or BFR. No unusual easements exist. City water and sewer are right there. There are not many spots along John King that will end up being commercial, but this is one of them.