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    Us-287 Midlothian, TX 76065

    For Sale
    $17,000,000

    51-Acre Shovel-Ready Development, Hwy 287

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 51.796-acre commercial land parcel in Midlothian, Texas, presents a prime development opportunity. Located directly off Highway 287, this shovel-ready site boasts excellent visibility and accessibility, making it ideal for a variety of uses. The PD-159 zoning allows for mixed-use development, including retail, quick-service restaurants, and hotels. The property's strategic location benefits from Midlothian's explosive residential growth, with nearby developments such as Huffines' construction of approximately 5,000 homes, adding 10,000 future residents. Its adjacency to the 960-acre Bridgewater master-planned community and proximity to the Heirloom development, one of DFW's largest proposed communities, further enhances its potential. Utilities are readily available. The entire 51.796 acres are offered for sale at $17,000,000. This represents a unique chance to capitalize on Midlothian's thriving market and create a significant commercial development. The property is zoned for mixed-use development, offering flexibility and diverse investment potential.

    Property Features for 0 Us-287

    General Information

    Property type
    Land
    Lot Size
    2,256,234 SF

    HighLights

    • 51.796‑acre shovel‑ready commercial land parcel directly off Highway 287 in Midlothian, TX, offering excellent visibility and accessibility.
    • Ideal for retail, quick‑service restaurants, and hotels; PD‑159 zoning allows mixed‑use development.
    • Midlothian's explosive residential growth, fueled by nearby developments adding approximately 10,000 future residents, creates strong demand.
    • Adjacent to the 960‑acre Bridgewater master‑planned community and near the Heirloom development, one of DFW's largest proposed communities.
    • Utilities available.
    • Entire 51.796 acres offered for $17,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.9780286
    Latitude
    32.4698488

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    FAQs

    What type of property is this?
    Land - 51-Acre Shovel-Ready Development, Hwy 287
    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 $17,000,000.
    What are key features of this property?
    This property features: 51.796-acre shovel-ready commercial land parcel directly off Highway 287 in Midlothian, TX, offering excellent visibility and accessibility.; Ideal for retail, quick-service restaurants, and hotels; PD-159 zoning allows mixed-use development.; Midlothian's explosive residential growth, fueled by nearby developments adding approximately 10,000 future residents, creates strong demand.
    (972) 921-1594
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    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

    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-287 Midlothian, TX 76065
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