Current Use by Public Records
- Land
Property Details for 0 Medical Dr
- Lot size
- 13.14 lot acres
- Property type
- Land
Description
This exceptional 13.14-acre commercial land parcel presents a remarkable investment opportunity in the heart of Rockwall, Texas's thriving medical district. Strategically located on Medical Drive, near the intersection of Horizon Road and Tubbs Road, this property boasts a prominent position adjacent to Texas Health Resources (THR) Rockwall. Zoned PD-9, the site allows for building heights up to 60 feet, accommodating up to five stories. The zoning offers flexibility for a variety of uses, particularly well-suited for medical facilities or medical office buildings. This high-traffic area ensures excellent visibility and accessibility. All utilities are readily available. The property includes on-site drainage and detention via Rainbow Lake. Furthermore, the site is divisible into multiple parcels, providing options for various development scenarios. The asking price is $9,730,431, and flexible terms are available. This central location, combined with its zoning and infrastructure, makes this a truly exceptional opportunity for significant development and return on investment. The property's size and location make it ideal for a large-scale development project or multiple smaller developments. The inclusion of Rainbow Lake provides a significant advantage in terms of drainage and detention management.
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
- Rockwall
- County
- Rockwall
- State
- Texas
- Longitude
- -96.4588
- Latitude
- 32.8799
