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    65567 Fm 1504 Edgewood, TX 75117

    For Sale
    Contact for pricing

    52 Acres, R-2 Zoning, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 52.4-acre tract in Edgewood, Texas, presents a unique multifamily development opportunity. The property boasts generally level topography, a pond, and some trees, enhancing its appeal. Improvements include an 8,000 square foot hay barn, a water well, and perimeter fencing. A significant portion of the land, near FM1504, falls within Edgewood city limits and is zoned R-2, permitting uses allowed in R-1 zoning (single-family dwellings) plus two-family dwellings, duplexes, apartment houses, and other multifamily dwellings. The rear portion of the property lies within Edgewood's extraterritorial jurisdiction (ETJ). Conveniently located near the Edgewood city center, utilities are readily accessible. The property enjoys excellent access to US Highway 80 (half a mile north) and Interstate Highway 20 (south). Currently benefiting from an agricultural tax exemption and an existing agricultural lease, this property offers substantial potential for developers seeking a prime location for residential construction in a growing area. The property is served by Edgewood I.S.D. The address is 65567 FM1504, Edgewood, TX 75117.

    Property Features for 65567 Fm 1504

    General Information

    Property type
    Land
    Lot Size
    2,282,544 SF

    HighLights

    • 52.4‑acre tract with level topography, pond, and trees.
    • Improved with an 8,000 sq ft hay barn, water well, and perimeter fencing.
    • R‑2 zoning (allowing multifamily development) on a portion near FM1504; remainder in Edgewood ETJ.
    • Located near Edgewood city center with convenient utility access.
    • Excellent access to US Hwy 80 and I‑20.
    • Currently has an agricultural tax exemption and lease in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.894478
    Latitude
    32.688239

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    FAQs

    What type of property is this?
    Land - 52 Acres, R-2 Zoning, Development Ready
    Where is this land located?
    The property is located at 65567 Fm 1504 Edgewood, TX.
    What are key features of this property?
    This property features: 52.4-acre tract with level topography, pond, and trees.; Improved with an 8,000 sq ft hay barn, water well, and perimeter fencing.; R-2 zoning (allowing multifamily development) on a portion near FM1504; remainder in Edgewood ETJ.
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    65567 Fm 1504 Edgewood, TX 75117
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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
    65567 Fm 1504 Edgewood, TX 75117
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