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    Tx-34 Terrell, TX 75160

    For Sale
    Contact for pricing

    16 Townhomes, 3 Acres, QOZ

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3-acre commercial land parcel in Terrell, Texas, presents a unique investment opportunity. Located in Kaufman County, zip code 75160, this property boasts an approved plan for the construction of sixteen townhomes. The site is situated along a street frontage, ensuring high visibility and convenient access for future residents. Importantly, this location is designated as a Qualified Opportunity Zone (QOZ), offering potential tax advantages for investors. The permitted zoning is multifamily, making this project ideal for developers seeking to capitalize on the growing demand for rental housing in the area. The existing approved plan streamlines the development process, minimizing pre-construction hurdles. This turnkey opportunity allows for immediate commencement of construction, offering a swift path to generating rental income. The property's location in Terrell, Texas, provides access to local amenities and a growing community. This is a rare chance to acquire a fully permitted, ready-to-build townhome development in a thriving Qualified Opportunity Zone. Detailed plans are available upon request. This is an exceptional opportunity for investors seeking a high-return, low-risk venture.

    Property Features for 0 Tx-34

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3‑acre commercial land parcel in Terrell, Texas.
    • Multifamily zoning permits the construction of 16 townhomes.
    • Located in a Qualified Opportunity Zone.
    • Approved plan for 16 townhomes included.
    • Townhomes situated along street frontage for optimal visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.27219381617
    Latitude
    32.739900720759

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    FAQs

    What type of property is this?
    Land - 16 Townhomes, 3 Acres, QOZ
    Where is this land located?
    The property is located at Tx-34 Terrell, TX.
    What are key features of this property?
    This property features: 3-acre commercial land parcel in Terrell, Texas.; Multifamily zoning permits the construction of 16 townhomes.; Located in a Qualified Opportunity Zone.
    (972) 415-5171
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    Tx-34 Terrell, TX 75160
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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
    Tx-34 Terrell, TX 75160
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