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    Northwood Blvd Corsicana, TX 75110

    For Sale
    $1,900,000

    28 Acres, 192 Units, Shovel-Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 28.007-acre property in Corsicana, Texas, presents a prime build-to-rent development opportunity. Located within city limits (75110), this fully entitled and shovel-ready site is zoned for 176 multifamily fee simple townhome lots and 16 single-family lots (R-3 zoning), totaling 192 potential units. Engineering and plat updates for townhome lots are currently underway, and all engineering and development documents will be conveyed at closing. The property boasts convenient access to all utilities and is approximately one hour from downtown Dallas. Priced at an attractive $1,900,000 ($9,895 per door/paper lot), this represents a compelling investment opportunity. The seller is motivated, and all offers are encouraged. This fee simple ownership offers significant potential for substantial returns. The land value is $1.56 per square foot. Don't miss this chance to acquire a highly desirable, ready-to-develop tract in a growing Texas market.

    Property Features for 0 Northwood Blvd

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,219,985 SF

    HighLights

    • 28.007‑acre land parcel for sale in Corsicana, TX, priced at $1,900,000.
    • Zoned MF and SF=R‑3, allowing for 176 multifamily townhome lots and 16 single‑family lots (192 total units).
    • Located within Corsicana city limits, approximately one hour from downtown Dallas.
    • Fully entitled and shovel‑ready for development; engineering and plat updates underway.
    • All engineering and development documents transfer at closing; utilities available on‑site.
    • Land value is $1.56/sq ft; priced at approximately $9,895 per door/lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.499641227301
    Latitude
    32.115768616447

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    FAQs

    What type of property is this?
    Multifamily property - 28 Acres, 192 Units, Shovel-Ready
    Where is this multifamily property located?
    The property is located at Northwood Blvd Corsicana, TX.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 28.007-acre land parcel for sale in Corsicana, TX, priced at $1,900,000.; Zoned MF and SF=R-3, allowing for 176 multifamily townhome lots and 16 single-family lots (192 total units).; Located within Corsicana city limits, approximately one hour from downtown Dallas.
    (972) 370-4404
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    Northwood Blvd Corsicana, TX 75110
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    Corsicana, TX 75110
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

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

    Relative

    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
    Northwood Blvd Corsicana, TX 75110
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