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    1302 Cleburne Station Pkwy Cleburne, TX 76033

    For Sale
    Contact for pricing

    Prime Cleburne commercial land, multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Cleburne Station presents a unique 52-acre development opportunity in Cleburne, Texas. Eighteen acres are already approved for a multifamily project encompassing approximately 350 units, offering immediate development potential. The entire property benefits from its location within an Opportunity Zone, unlocking significant tax advantages for investors. A substantial $10 million in incentives is available through a 380 agreement with the City of Cleburne, further enhancing the project's financial viability. The land is currently zoned "E" Commercial, providing flexibility for various development options. Strategically located near a major Walmart distribution center, Cleburne Station enjoys excellent access to transportation and logistics networks. The property's proximity to the Cleburne Stadium (owned by the City of Cleburne) adds to its appeal and potential for synergistic development. This exceptional offering combines significant acreage, pre-approved multifamily zoning, substantial city incentives, and a prime location, making it an ideal investment for discerning developers. The address is 1302 Cleburne Sta Pkwy, Cleburne, TX 76033.

    Property Features for 1302 Cleburne Station Pkwy

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,265,120 SF

    HighLights

    • 52‑acre Cleburne Station development, with 18 acres approved for a ~350‑unit multifamily project.
    • Located in an Opportunity Zone.
    • $10 million in city incentives through a 380 agreement.
    • E Commercial zoning.
    • Near a large Walmart distribution center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.416575965927
    Latitude
    32.374274774882

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Cleburne commercial land, multifamily potential.
    Where is this mixed-use property located?
    The property is located at 1302 Cleburne Station Pkwy Cleburne, TX.
    What are key features of this property?
    This property features: 52-acre Cleburne Station development, with 18 acres approved for a ~350-unit multifamily project.; Located in an Opportunity Zone.; $10 million in city incentives through a 380 agreement.
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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
    1302 Cleburne Station Pkwy Cleburne, TX 76033
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