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    Morgan Rd & Dilworth Rd Italy, TX 76651

    For Sale
    $1,751,200

    Prime Ellis County development land, highway access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 79.6-acre commercial land parcel presents a unique investment opportunity in Ellis County, Texas. Located in Italy, TX, this largely flat, developable tract is situated near the only elementary school in town, suggesting strong potential for residential development. The property's strategic location offers significant advantages. It's conveniently positioned approximately 2,500 feet from Italy's central business district (CBD), 450 feet from US 377, and 3,100 feet from I-35E, ensuring excellent accessibility. A key feature is its proximity to the soon-to-be-constructed Highway 34 bypass, which will intersect the southwestern edge of the property, creating over 3,000 feet of potential frontage on both sides of the bypass. This significant road improvement promises increased visibility and accessibility, further enhancing the property's value. Currently unzoned and outside city limits, this expansive tract offers flexibility for various development plans, including single-family residential or investment opportunities. Water service is provided by the South Ellis County Water Supply Corp. This is one of the largest remaining tracts in the area, making it an exceptional opportunity for developers seeking a substantial land holding with significant future growth potential. The property is offered for sale by owner at $1,751,200.

    Property Features for 0 Morgan Rd & Dilworth Rd

    General Information

    Property type
    Land
    Lot Size
    3,467,376 SF

    HighLights

    • 79.6± acres of flat, developable land in Italy, TX.
    • Located 2,500 feet from Italy's CBD.
    • 450 feet from US 377 and 3,100 feet from I‑35E.
    • Currently unzoned and outside city limits.
    • Water service provided by South Ellis County Water Supply Corp.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Italy
    County
    Ellis
    State
    Texas
    Longitude
    -96.8978451
    Latitude
    32.1475668

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    FAQs

    What type of property is this?
    Land - Prime Ellis County development land, highway access.
    Where is this land located?
    The property is located at Morgan Rd & Dilworth Rd Italy, TX.
    What is the asking price?
    The asking price for this property is $1,751,200.
    What are key features of this property?
    This property features: 79.6± acres of flat, developable land in Italy, TX.; Located 2,500 feet from Italy's CBD.; 450 feet from US 377 and 3,100 feet from I-35E.
    (214) 238-8006
    Request Owner's contact information
    Morgan Rd & Dilworth Rd Italy, TX 76651
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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

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    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
    Morgan Rd & Dilworth Rd Italy, TX 76651
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