0 Us-67 Midlothian, TX 76065
This exceptional 295-acre commercial land parcel in Midlothian, Texas, presents a significant investment opportunity. Located at the northwest quadrant of US Highways 287 and 67, directly across from a Walmart, this property boasts 1.45 miles of frontage on Highway 287 and 2,200 feet of frontage on Highway 67. The property is zoned PD 49, 564 Ord. (CR/UR, MU, Commercial), and all utilities are available. Development potential is substantial, with pre-approved plans including approximately 70 acres for 250 attached townhomes, 20 acres for 250 multi-family units, 10 acres for an assisted living facility (off Highway 67), and 22 acres for proposed commercial retail (also off Highway 67). The asking price is $59,500,000, with parcels or bulk acreage available for sale. The property's strategic location offers easy access to Downtown Dallas (approximately 30 minutes away) and benefits from Midlothian's robust projected population growth exceeding 24% in the next five years. This rapidly growing suburb is known for its affordability. Nearby developments, such as Lakeside Villas (152 units) and the Canvas development (200 units under construction), further highlight the area's strong growth trajectory. The potential for sewer extension to the Highway 67 frontage adds to the property's long-term development potential. Detailed information and pricing are available upon request. The property's location is 1501 W HWY 287, Midlothian, TX 76065. A land ID map is accessible online.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.