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Property profile & analytics
OFF-MARKET
Land

0 Sec - Hwy. 287 & Palmetto Rd Waxahachie, TX 75165

62.05 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 62.05-acre tract presents a rare development opportunity in rapidly growing Waxahachie, Texas. Located at the intersection of Hwy 287 and Palmetto Rd, this property boasts PD zoning permitting both townhome and multifamily development. The site is ideally situated just 2.64 miles from a vibrant retail corridor along Hwy 77, featuring major retailers like Chick-fil-A, Academy, Atwoods, Home Depot, HEB, and Walmart. Its proximity to I-35 (4 miles) provides convenient access to Downtown Dallas, a mere 35-minute commute. Waxahachie's impressive growth is evident, with 30% of its current residents having moved there within the last two years, and an additional 3,500 lots currently approved for development within city limits. This is the last entitled multifamily and townhome property in Waxahachie, offering a unique vision for future development. The property's location also benefits from its proximity to the revitalized downtown Waxahachie, featuring a variety of dining and entertainment options. This presents a compelling investment opportunity in a thriving Texas market. The Ellis County location and 75165 zip code further enhance its appeal.

Property profile
Verified
Property type Land
Lot 62.05 ac (2,702,898 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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