8.3 Acres in Opportunity
For Sale
Contact for pricing
622 S Seven Pts Dr, Seven Points, TX 75143
8.3 acres suitable for commercial or multi-family development.
Property SizeContact for details
Lot Size8.30 Acres
Days on Market833
Property Features for 622 S Seven Pts Dr
General Information
Standard status
Active
Lot size
8.30 Acres
Property subtype
Land
Zoning
MULTI FAMILY/COMMERCIAL
Listing Agency:
American Realty Services
(214) 334-4632
Listed By:
Robert C. Murray, Sr · License #American Realty Services, Inc TX 530683
Source:
Crexi
Added: Apr 30, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of American Realty Services
Investment Insights
Based on property information with market context.
This 8.3-acre property is located off Seven Points Blvd, near Brookshires, restaurants, and Cedar Creek Lake. The site includes 3 acres currently zoned for commercial use and 5.3 acres zoned for multi-family development. The city is open to considering rezoning the 3 acres to multi-family. The east side of the property borders Wood Dr, providing easy access from both Seven Points Blvd and Wood Dr. The topography is flat, and all utilities are available with sufficient capacity. Situated in an opportunity zone, the site is eligible for DDA tax credits for development. Growth is expanding towards Seven Points from Kemp to the north and Gun Barrel City to the east. A report indicates a shortage of 400 apartment units in the city. Rents for older complexes (over 20 years) average $1.50 per square foot, with potential for new complexes to achieve $2 per square foot. The seller is open to providing the buyer time to work with the city or to partnering with the right group or person. This property is suitable for commercial or multi-family development.
Key Highlights
- Prime location in an opportunity zone with DDA tax credits, offering significant financial incentives.
- Zoned for commercial and multi‑family use with potential for rezoning the commercial portion to multi‑family.
- High demand for apartments in the area, with a reported 400‑unit shortage and potential for high rental income (estimated $2 per foot for new complexes).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 75143, TX
15,349
Population
7,088
Households
2.2
Avg Household Size
45
Median Age
18%
College-Educated
86%
High-School Grad
181.9 sq mi
ZIP Area
84
Density / Sq Mi
$68,996
Median Household Income
$41,273
Median Earnings
$1,163
Median Rent
$173,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 8.3 acres suitable for commercial or multi-family development.
Where is this commercial land located?
The property is located at 622 S Seven Pts Dr Seven Points, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime location in an opportunity zone with DDA tax credits, offering significant financial incentives.; Zoned for commercial and multi‑family use with potential for rezoning the commercial portion to multi‑family.; High demand for apartments in the area, with a reported 400‑unit shortage and potential for high rental income (estimated $2 per foot for new complexes).
