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    1666 Walnut Grove Rd Midlothian, TX 76065

    For Sale
    $3,745,000

    12-acre commercial/residential land, Hwy 287 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 12-acre property, located at 1666 S Walnut Grove Rd, Midlothian, Texas 76065 (APN 183287), presents a significant opportunity for future development. Situated off Highway 287, this land boasts approximately 364 feet of road frontage on Walnut Grove Road. Its prime location offers excellent visibility and accessibility. The property is uniquely positioned adjacent to Bridgwater, a substantial and recently developed residential community in Midlothian and Ellis County, suggesting strong potential for synergistic development. Currently, a tenant-occupied house sits on the property, adding to its immediate income potential. This versatile land parcel is zoned for both commercial and residential uses, providing flexibility for a variety of development projects. The asking price for this remarkable 12-acre tract is $3,745,000. Serious inquiries are encouraged to explore the possibilities of this exceptional investment opportunity in a rapidly growing area of Texas. This property offers a unique blend of immediate income potential and long-term development upside. Don't miss this chance to acquire a significant piece of land in a thriving community.

    Property Features for 1666 Walnut Grove Rd

    General Information

    Property type
    Land
    Lot Size
    522,720 SF

    HighLights

    • 12‑acre commercial/residential development site in Midlothian, TX.
    • High‑visibility location with 364 feet of road frontage on Walnut Grove Road, off Highway 287.
    • Adjacent to the Bridgwater residential community.
    • Currently features a tenant‑occupied house providing immediate income.
    • Zoned for both commercial and residential uses.
    • Asking price: $3,745,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Dental Office Clothing Store Nail Salon Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.9409707
    Latitude
    32.4656194

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    FAQs

    What type of property is this?
    Land - 12-acre commercial/residential land, Hwy 287 access.
    Where is this land located?
    The property is located at 1666 Walnut Grove Rd Midlothian, TX.
    What is the asking price?
    The asking price for this property is $3,745,000.
    What are key features of this property?
    This property features: 12-acre commercial/residential development site in Midlothian, TX.; High-visibility location with 364 feet of road frontage on Walnut Grove Road, off Highway 287.; Adjacent to the Bridgwater residential community.
    (972) 921-1594
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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
    1666 Walnut Grove Rd Midlothian, TX 76065
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