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    Sec - Hwy. 287 & Palmetto Rd Waxahachie, TX 75165

    For Sale
    Contact for pricing

    62 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 62.05-acre tract presents a rare development opportunity in rapidly growing Waxahachie, Texas. Located at the intersection of Hwy 287 and Palmetto Rd, this property boasts PD zoning permitting both townhome and multifamily development. The site is ideally situated just 2.64 miles from a vibrant retail corridor along Hwy 77, featuring major retailers like Chick-fil-A, Academy, Atwoods, Home Depot, HEB, and Walmart. Its proximity to I-35 (4 miles) provides convenient access to Downtown Dallas, a mere 35-minute commute. Waxahachie's impressive growth is evident, with 30% of its current residents having moved there within the last two years, and an additional 3,500 lots currently approved for development within city limits. This is the last entitled multifamily and townhome property in Waxahachie, offering a unique vision for future development. The property's location also benefits from its proximity to the revitalized downtown Waxahachie, featuring a variety of dining and entertainment options. This presents a compelling investment opportunity in a thriving Texas market. The Ellis County location and 75165 zip code further enhance its appeal.

    Property Features for 0 Sec - Hwy. 287 & Palmetto Rd

    General Information

    Property type
    Land
    Lot Size
    2,702,898 SF

    HighLights

    • 62.05‑acre development tract in Waxahachie, TX.
    • PD zoning allows townhome and multifamily development.
    • Prime location at Hwy 287 & Palmetto Rd, 2.64 miles from major retailers (Chick‑fil‑A, Academy, etc.) and 4 miles from I‑35.
    • 35‑minute commute to Downtown Dallas.
    • Last entitled multifamily/townhome site in rapidly growing Waxahachie (30% resident growth in last two years, 3,500+ lots approved).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.8022379
    Latitude
    32.39515

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    FAQs

    What type of property is this?
    Land - 62 Acres, Multifamily Potential
    Where is this land located?
    The property is located at Sec - Hwy. 287 & Palmetto Rd Waxahachie, TX.
    What are key features of this property?
    This property features: 62.05-acre development tract in Waxahachie, TX.; PD zoning allows townhome and multifamily development.; Prime location at Hwy 287 & Palmetto Rd, 2.64 miles from major retailers (Chick-fil-A, Academy, etc.) and 4 miles from I-35.
    (214) 526-3626
    Request Owner's contact information
    Sec - Hwy. 287 & Palmetto Rd Waxahachie, TX 75165
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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
    Sec - Hwy. 287 & Palmetto Rd Waxahachie, TX 75165
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