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    Us-287 Midlothian, TX 76065

    For Sale
    $1,300,000

    2.15 Acres Commercial Land, Midlothian, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.147-acre commercial land parcel presents a remarkable investment opportunity in Midlothian, Texas. Strategically located on Highway 287, this property boasts prime frontage visibility and easy access. Zoned C (Commercial), it's ideally suited for a variety of commercial ventures, including office or retail developments. The site is conveniently situated approximately five miles from downtown Midlothian, within a thriving area experiencing significant residential growth. The proximity to Midlothian Heritage High School (approximately 3.5 miles north) has spurred the development of numerous new commercial businesses in the surrounding area, further enhancing the property's value and potential. All utilities are available at the site, and importantly, the land is not located within a floodplain. While detention is not provided, the seller will construct an access drive connecting Highway 287 to Shady Grove Road, ensuring convenient access for future development. The property's APN is 289923. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly expanding community. The asking price for this exceptional property is $1,300,000.

    Property Features for 0 Us-287

    General Information

    Property type
    Land
    Lot Size
    93,523 SF

    HighLights

    • 2.147‑acre commercial lot
    • C‑zoned commercial property
    • Located in Midlothian, TX
    • All utilities available on‑site
    • No floodplain restrictions
    • Detention required; buyer's responsibility
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.945422226061
    Latitude
    32.462263144424

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    FAQs

    What type of property is this?
    Land - 2.15 Acres Commercial Land, Midlothian, TX
    Where is this land located?
    The property is located at Us-287 Midlothian, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 2.147-acre commercial lot; C-zoned commercial property; Located in Midlothian, TX
    Request Owner's contact information
    Us-287 Midlothian, TX 76065
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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
    Us-287 Midlothian, TX 76065
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