Current Use by Public Records
- Land
Property Details for 345 Armstrong Rd
- Lot size
- 20.00 lot acres
- Property type
- Land
Description
This exceptional 20-acre tract of raw farmland presents a unique acquisition opportunity for home builders seeking a strategic location within the thriving North Texas market. Benefiting from an agricultural exemption, this property is ideally situated in Maypearl, Texas, within the city's extraterritorial jurisdiction (ETJ). The land is surrounded by several recently developed residential communities, indicating strong market demand and potential for significant returns. Located in the highly-rated Maypearl Independent School District, this location offers families a desirable educational environment. The property's convenient location in Ellis County places it just south of the Dallas-Fort Worth metroplex, providing easy access to major employment centers, amenities, and transportation networks. Venus, Texas, a nearby city, has experienced remarkable growth, with over 5,000 new homes recently completed, further underscoring the area's robust housing market. The property's position south of Midlothian and west of Waxahachie, two other rapidly growing North Texas cities, adds to its strategic appeal. This 20-acre parcel offers substantial potential for developing a thriving residential community in a high-demand location. The existing agricultural exemption provides immediate tax advantages, making this an even more attractive investment. Don't miss this chance to capitalize on the explosive growth in this prime North Texas location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maypearl
- County
- Ellis
- State
- Texas
- Longitude
- -97.0424
- Latitude
- 32.36
