Neighborhood Commercial Development
FM 551 Fate, TX 75132
FM 551, Fate, TX, 75132
$1,350,000
For Sale
$1,350,000
LAND - Fate, TX
Lot Size6.98 Acres
Days on Market54
Property Features for FM 551
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 000000026939
- Lot size
- 6.98 Acres
Taxes and HOA fees
- Tax Description
- A0159 J B MERCHANT, TRACT 7-3, ACRES 6.983
Listing Agency
KARE Investment Sales & Leasing
(469) 471-6413
TX
Listed by
Karan Aulakh , CCIM
(469) 471-6413
Added: May 28 Updated: Jun 6 at 1:52 pm Checked: Jul 20 at 6:06 pm
MLS# 21187862
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Investment Insights
Based on property information with market context.
This offering consists of 6.983 acres of level commercial land located in Fate, Texas. The property is zoned Neighborhood Commercial, providing a strong basis for a range of retail and commercial projects. With a straightforward site layout, the tract is well suited for developers and operators looking to plan and position a new business in an area experiencing ongoing demand.
The land sits within a rapidly growing corridor in Rockwall County and benefits from convenient access to major thoroughfares, including I-30 and FM 551. Its setting is supported by strong residential growth in the surrounding area, which typically supports the tenant and customer base for neighborhood-oriented retail, service, and business uses.
From a development and leasing perspective, the Neighborhood Commercial zoning and level topography make this property a practical fit for retail, office, medical, service-based businesses, or mixed-use commercial development. If you are evaluating sites for a future build-to-suit project or an investment-driven redevelopment, this tract’s combination of zoning versatility and access-focused location can help support a broad range of commercial strategies.
The land sits within a rapidly growing corridor in Rockwall County and benefits from convenient access to major thoroughfares, including I-30 and FM 551. Its setting is supported by strong residential growth in the surrounding area, which typically supports the tenant and customer base for neighborhood-oriented retail, service, and business uses.
From a development and leasing perspective, the Neighborhood Commercial zoning and level topography make this property a practical fit for retail, office, medical, service-based businesses, or mixed-use commercial development. If you are evaluating sites for a future build-to-suit project or an investment-driven redevelopment, this tract’s combination of zoning versatility and access-focused location can help support a broad range of commercial strategies.
Key Highlights
- 6.983 acres of commercial land in Fate, Texas
- Zoned Neighborhood Commercial
- Level site suitable for commercial development
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Level, zoned neighborhood commercial tract with development flexibility for retail, office, medical, service, or mixed-use concepts.
Where is this commercial land located?
The property is located at FM 551 Fate, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 6.983 acres of commercial land in Fate, Texas; Zoned Neighborhood Commercial; Level site suitable for commercial development
