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    3619 Oak Grove Rd Ennis, TX 75119

    For Sale
    $5,411,461

    Prime Ennis industrial land, Highway 287 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 14-acre property, located at 3619 S Oak Grove Rd in Ennis, Texas (zip code 75119), presents a compelling investment opportunity. Situated on Highway 287, with frontage on Oak Grove Road, this land offers excellent visibility and accessibility. Currently zoned agricultural, the City of Ennis recommends rezoning to light industrial, aligning with the area's burgeoning industrial growth. The property's strategic location benefits from proximity to numerous industrial businesses, as well as newer retail and residential developments. Highway 287 has recently undergone significant improvements, including new bridges and roadways, enhancing connectivity. The location also provides easy access to Highway 45 to the east, and westward connections to Waxahachie and I-35E. Note that a portion of the property, located at the rear, falls within a designated flood zone. This property is ideal for developers seeking to capitalize on the rapid development occurring in this area, fueled by a new hospital, new schools, and expanding residential communities. The property's size and location make it suitable for a variety of industrial uses. Ellis County location offers further advantages.

    Property Features for 3619 Oak Grove Rd

    General Information

    Property type
    Land
    Lot Size
    609,840 SF

    HighLights

    • Prime location with rapid commercial, industrial, residential, and infrastructural growth, including a new hospital and schools.
    • Improved access via recently upgraded Highway 287, featuring new bridges and roadways.
    • Excellent connectivity to Highway 45 (east), Waxahachie, and I‑35E (west).
    • Strategic positioning south of Wilmer, Hutchins, and I‑20, near emerging transportation centers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Pharmacy Storage Facility Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ennis
    County
    Ellis
    State
    Texas
    Longitude
    -96.6068966
    Latitude
    32.2900131

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    FAQs

    What type of property is this?
    Land - Prime Ennis industrial land, Highway 287 access.
    Where is this land located?
    The property is located at 3619 Oak Grove Rd Ennis, TX.
    What is the asking price?
    The asking price for this property is $5,411,461.
    What are key features of this property?
    This property features: Prime location with rapid commercial, industrial, residential, and infrastructural growth, including a new hospital and schools.; Improved access via recently upgraded Highway 287, featuring new bridges and roadways.; Excellent connectivity to Highway 45 (east), Waxahachie, and I-35E (west).
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    3619 Oak Grove Rd Ennis, TX 75119
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    Ennis, TX 75119
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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
    3619 Oak Grove Rd Ennis, TX 75119
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