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    Liska Rd Ennis, TX 75119

    For Sale
    $1,516,140

    5.32 Acres, Prime Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5.32-acre agricultural property is strategically located on the south side of Highway 287, between Ensign Road and FM 1183 in Ennis, Ellis County, Texas (zip code 75119). Currently zoned agricultural, this land presents significant development opportunities given its proximity to new roads, improved exits and landscaping along Highway 287, reflecting the area's ongoing redevelopment. The property, part of a larger 14-acre parcel, was subdivided due to the Highway 287 expansion. Note that this property lies within a designated flood zone. A significant advantage is the imminent installation of an 8-inch water line by Rice Water, extending from Ensign Road to Liska Road, providing ample water supply and enhanced fire protection for the area. This infrastructure improvement, facilitated by an easement from TXDOT, includes a planned hydrant installation. While currently zoned agricultural, the surrounding area is experiencing rapid growth, with the emergence of industrial zones, hospitals, residential developments, and new schools. The city anticipates that rezoning for various uses, including offices and apartments, should be readily achievable. The asking price is $1,516,140, representing a land value of $8 per square foot. This presents a compelling investment opportunity in a rapidly transforming area.

    Property Features for 0 Liska Rd

    General Information

    Property type
    Farms
    Lot Size
    231,739 SF

    HighLights

    • Excellent potential for rezoning from Agricultural; surrounded by diverse development including industrial, residential, and new schools.
    • Proximity to hospitals and planned office/apartment construction.
    • City anticipates favorable rezoning outcome.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ennis
    County
    Ellis
    State
    Texas
    Longitude
    -96.60659886
    Latitude
    32.28815695

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    FAQs

    What type of property is this?
    Farm - 5.32 Acres, Prime Development Potential
    Where is this farm located?
    The property is located at Liska Rd Ennis, TX.
    What is the asking price?
    The asking price for this property is $1,516,140.
    What are key features of this property?
    This property features: Excellent potential for rezoning from Agricultural; surrounded by diverse development including industrial, residential, and new schools.; Proximity to hospitals and planned office/apartment construction.; City anticipates favorable rezoning outcome.
    Request Owner's contact information
    Liska Rd 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.

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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
    Liska Rd Ennis, TX 75119
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