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    Us-67 Midlothian, TX 76065

    For Sale
    Contact for pricing

    Prime 295-acre Texas tract

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 295-acre commercial land parcel in Midlothian, Texas, presents a significant investment opportunity. Located at the northwest quadrant of US Highways 287 and 67, directly across from a Walmart, this property boasts 1.45 miles of frontage on Highway 287 and 2,200 feet of frontage on Highway 67. The property is zoned PD 49, 564 Ord. (CR/UR, MU, Commercial), and all utilities are available. Development potential is substantial, with pre-approved plans including approximately 70 acres for 250 attached townhomes, 20 acres for 250 multi-family units, 10 acres for an assisted living facility (off Highway 67), and 22 acres for proposed commercial retail (also off Highway 67). The asking price is $59,500,000, with parcels or bulk acreage available for sale. The property's strategic location offers easy access to Downtown Dallas (approximately 30 minutes away) and benefits from Midlothian's robust projected population growth exceeding 24% in the next five years. This rapidly growing suburb is known for its affordability. Nearby developments, such as Lakeside Villas (152 units) and the Canvas development (200 units under construction), further highlight the area's strong growth trajectory. The potential for sewer extension to the Highway 67 frontage adds to the property's long-term development potential. Detailed information and pricing are available upon request. The property's location is 1501 W HWY 287, Midlothian, TX 76065. A land ID map is accessible online.

    Property Features for 0 Us-67

    General Information

    Property type
    Land
    Lot Size
    12,850,200 SF

    HighLights

    • 152‑unit Lakeside Villas development nearing completion, adjacent to nearly finished Padera Lake Blvd.
    • 200‑unit Canvas development underway northeast of Lakeside Villas on Padera Rd. Extension.
    • 67‑foot frontage with sewer extension potential offers significant expansion opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -97.014259117704
    Latitude
    32.482177458987

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    FAQs

    What type of property is this?
    Land - Prime 295-acre Texas tract
    Where is this land located?
    The property is located at Us-67 Midlothian, TX.
    What is the asking price?
    The asking price for this property is $59,500,000.
    What are key features of this property?
    This property features: 152-unit Lakeside Villas development nearing completion, adjacent to nearly finished Padera Lake Blvd.; 200-unit Canvas development underway northeast of Lakeside Villas on Padera Rd. Extension.; 67-foot frontage with sewer extension potential offers significant expansion opportunity.
    Request Owner's contact information
    Us-67 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

    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
    Us-67 Midlothian, TX 76065
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