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1497 J Elmer Weaver Fwy Cedar Hill, TX 75104

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8.5-acre development site, 182 units.

Property Features for 1497 J Elmer Weaver Fwy

General Information

Property type
Land
Lot Size
372,743 SF

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Listing Contact
Jordan Cortez

Listing Agency: Vanguard Real Estsate Advisors Listing Agent: Jordan Cortez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 8.557-acre land parcel in Cedar Hill, Texas, presents a prime opportunity for active adult development. Located at 1497 N J Elmer Weaver Fwy, Cedar Hill, TX 75104, this site is zoned through Ordinance 2022-755 for 182+ units of 55+ age-restricted retirement housing. Complete architectural and engineering plans for a 182-unit, three-story community will be conveyed to the buyer at closing, along with existing third-party reports. The seller will complete the preliminary plat before closing. The property boasts a strategic location at the northwest quadrant of W. Wintergreen Road and US Highway 67, offering convenient access to major roadways including I-20, I-35, and I-30, placing it within easy reach of the Dallas-Fort Worth Metroplex. Nearby amenities include national retailers, restaurants, and the Methodist Charleston Medical Center. The land is priced at $4,325,000, or $11.60 per square foot. Note that the buyer will be responsible for constructing estimated $1 million in stormwater drainage improvements, and permitting is contingent on a separate permit for 6,000 square feet of retail space. Potential buyers should conduct their own due diligence regarding zoning, permitting, and unit count. The APN is 65108604010030000, 65108604010020000, 65108604010010000. Cedar Hill's population growth (1.31% from 2020-2021) and rising home prices (18.8% year-over-year increase in March 2024) indicate a strong market for this type of development. Comparable active adult rentals within a 15-mile radius achieve market rents up to $2.21 per square foot.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Cedar Hill
County
Dallas
State
Texas
Longitude
-96.916660660533
Latitude
32.618889831067

FAQs

What type of property is this?
Land - 8.5-acre development site, 182 units.
Where is this land located?
The property is located at 1497 J Elmer Weaver Fwy Cedar Hill, TX.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: 8.56-acre site at US Hwy 67 & W. Wintergreen Rd, offering excellent access to I-20, I-35, & I-30.; Surrounded by national retailers and restaurants including Costco, Chick-fil-A, and Starbucks.; Zoned for 182+ 55+ retirement housing units (Ordinance 2022-775); Seller provides plans & reports; Buyer responsible for ~$1M stormwater improvements and due diligence; Retail permit prerequisite for building permits.
(214) 556-1951 Call to check price and availability
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