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    287 Nec Primrose @ Hwy Midlothian, TX 76065

    For Sale
    $2,240,000

    Prime Texas commercial land, highway frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 6.05-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Midlothian, Texas. Located at the northeast corner of Primrose and U.S. Highway 287, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial developments. The expansive lot size offers ample space for various projects, from retail centers and restaurants to office buildings and industrial facilities. Its strategic location along a major highway ensures high traffic volume and significant exposure to potential customers. The property is zoned for commercial use, simplifying the development process and minimizing potential delays. With its prime location and substantial size, this land parcel represents a rare chance to acquire a highly desirable commercial property in a rapidly growing Texas market. The address is specifically NEC Primrose @ U.S. Highway 287, Midlothian, TX 76065, situated within Ellis County. The asking price for this exceptional opportunity is $2,240,000. This property consists of one building, though the square footage and year built are not specified. The number of stories is also not specified. This is a multi-tenancy property.

    Property Features for 287 Nec Primrose @ Hwy

    General Information

    Property type
    Land
    Lot Size
    263,538 SF

    Building Details

    Buildings
    1

    HighLights

    • $2,240,000 asking price.
    • 6.05‑acre commercial land parcel.
    • Located at NEC Primrose @ US Highway 287, Midlothian, TX 76065.
    • One building on the property.
    • Multi‑tenant potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.9776026
    Latitude
    32.4702422

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    FAQs

    What type of property is this?
    Land - Prime Texas commercial land, highway frontage.
    Where is this land located?
    The property is located at 287 Nec Primrose @ Hwy Midlothian, TX.
    What is the asking price?
    The asking price for this property is $2,240,000.
    What are key features of this property?
    This property features: $2,240,000 asking price.; 6.05-acre commercial land parcel.; Located at NEC Primrose @ US Highway 287, Midlothian, TX 76065.
    Request Owner's contact information
    287 Nec Primrose @ Hwy Midlothian, TX 76065
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    Midlothian, TX 76065
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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
    287 Nec Primrose @ Hwy Midlothian, TX 76065
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