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    975 State Hwy Midlothian, TX 76065

    For Sale
    $7,500,000

    High-visibility, 29-acre commercial site

    Property size:
    1,299,221 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 29.826-acre commercial development opportunity is located at the southwest corner of Highway 287 and Highway 67 in Midlothian, Texas, offering unparalleled visibility and access. The property boasts 1,600 linear feet of frontage along Highway 67's service road, experiencing an average daily traffic count of 30,000 vehicles. Currently zoned PD 04, this site presents a unique redevelopment opportunity, with utilities readily available along the service road. While the property is currently platted into two parcels (one including an existing 18,000 sq ft industrial building not included in this sale and some floodplain), re-platting is recommended for future development. Parcel 2, encompassing 29.826 acres, is entirely free of floodplain and presents a blank canvas for various commercial, flex, or industrial uses, subject to City of Midlothian approval. Future development will benefit from two Texas Department of Transportation (TXDOT)-approved access points and internal road access. The property's strategic location benefits from the high growth experienced in Midlothian, with new residential developments underway nearby. The asking price is $7,500,000, translating to a land value of $5.77 per square foot. The site also includes 250 parking spaces. This is a prime opportunity to capitalize on Midlothian's thriving market and secure a prominent position in this rapidly expanding area.

    Property Features for 975 State Hwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,299,221 SF
    Lot Size
    1,299,221 SF

    HighLights

    • 29.826‑acre commercial development site at the southwest corner of Hwy 287 and Hwy 67 in Midlothian, TX.
    • High‑traffic location with 1,600 linear feet of frontage on Hwy 67, boasting 30,000 average daily vehicles.
    • Parcel 2 (29.826 acres) is entirely free of floodplain and ready for development; re‑platting recommended.
    • Two TXDOT‑approved access points and internal road access planned.
    • $7,500,000 asking price, $5.77/SF land value; includes 250 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -97.01487951
    Latitude
    32.47313867

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    FAQs

    What type of property is this?
    Multifamily property - High-visibility, 29-acre commercial site
    Where is this multifamily property located?
    The property is located at 975 State Hwy Midlothian, TX.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 29.826-acre commercial development site at the southwest corner of Hwy 287 and Hwy 67 in Midlothian, TX.; High-traffic location with 1,600 linear feet of frontage on Hwy 67, boasting 30,000 average daily vehicles.; Parcel 2 (29.826 acres) is entirely free of floodplain and ready for development; re-platting recommended.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    975 State Hwy Midlothian, TX 76065
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