$1,750,000 $9,936 est/mo Sourced by Back At You

12901 Elam Road,Balch Springs, TX 75180

Balch Springs TX, 75180

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Description

The property is located on the north side of Elam Road, just 2 blocks east of IH-635 in Balch Springs. This area features almost 24,000 seniors 65+ in a 5-mile radius, which is forecasted to be just over 29,000 in 5 more years. Elam Road is a 4-lane boulevard with raised median, but a median opening exists at the property. The city police-fire administration, city library, and city civic center are three buildings basically across the street. The site has 9.123 acres, perfect rectangular shape, and 429' of frontage on Elam Road. It is gently sloping with no FEMA flood plain. The frontage is zoned LR Local Retail, most of the balance is zoned MF-16 Multi-Family allowing 16 units per acre, and 2.5 acres is zoned Single Family. Townhome development would be ideal with two double loads of 82-foot lots. City staff said if multi-family, they would prefer market rate MF and NO tax credit. City water and city sewer mains are both nearby. Seller is motivated to get this sold.

Details

MLS#20500086
Listing TypeFor Sale
StyleVacant Land
Sub-TypeResale
StatusActive Under Contract
Days On Site155
Listing Provided ByBurgdorf Realty Group | Wayne Burgdorf

Features

ZoningMid-Density Res, SFR, and some L
Acreage9.12

Market Activity 75180

All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.

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Listings Checked: 9 minutes ago
StateTX
CountyDallas
CityBalch Springs
Zip Code75180
AreaDallas
Community NameRose Gardens
Listing VS Median (in Rose Gardens)
Price:
$1,750,000
low | high
Med:
$280,000
100% of Average
On Site:
155
low | high
Med:
28.000000
100% of Average
Sourced by Back At You
Listing Updated: May 25, 2024 at 2:40:12 AM PDT