321 East Ovilla Road, Red Oak, TX 75154

Listing agent Andrew Garrett License #TX 0588777

Listing office Hi View Real Estate

Listing date Sep 26, 2024

Source Crexi

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Overview

This vacant lot is located on a hard corner of a busy FM road in Red Oak, Texas. The property is suitable for restaurant, retail, or even a service station. The site benefits from high visibility and road frontage on three sides. The location is on the main commercial boulevard through Red Oak, with over 20,000 cars passing daily on FM Road 664. A traffic light at the hard corner facilitates access to FM 664 for the 1300 employees of Triumph, a manufacturer of airframe systems for military and commercial programs. Future plans anticipate an additional 800 employees across the street. Given the absence of in-house restaurant operations at Triumph, this corner is well-suited for a major lunch business. The surrounding area features established businesses such as Walmart, Chick-fil-A, McDonald's, Sonic, Panda Express, and Ace Hardware. The lot size is 1.04 acres.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Red Oak

County

Ellis

State

Texas

Longitude

-96.8153

Latitude

32.515

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FAQs

What type of property is this?

Commercial land - Prime commercial lot for restaurant or retail in Red Oak.

Where is this commercial land located?

The property is located at 321 East Ovilla Road Red Oak, TX.

What is the asking price?

The asking price for this property is $815,443.

What are key features of this property?

This property features: High‑traffic location: Over 20,000 cars per day on FM Road 664.; Hard corner lot with traffic light access.; Proximity to major employer: 1300 Triumph employees with potential for 800 more.