Current Use by Public Records
- Land
Property Details for 0 Washington St
- Lot size
- 9.02 lot acres
- Property type
- Land
Description
This exceptional 9.02-acre site presents a unique opportunity for build-to-rent development in the thriving Kaufman, Texas market. Strategically located 35 miles southeast of Downtown Dallas, with convenient access via Highway 175, this property boasts an approved Planned Development (PD) zoning, allowing for up to 12 units per acre. Infrastructure is complete, with Five Points Drive providing access and all necessary utilities (sewer, water) already in place. The site's proximity to Kaufman High School and O.P. Norman Junior High School, along with its less-than-half-mile distance to Highway 175 and its numerous national retailers, ensures strong appeal to potential renters. Nearby new home sales range from $329,000 to $552,000, indicating a robust and growing market. The property is situated within Kaufman's Tax Increment Reinvestment Zone 2A. A concept plan shows potential for 93 build-to-rent units. The asking price is $2,455,695. The land is part of a larger mixed-use development that will include multifamily, commercial, townhomes, and single-family residences. The 2022 U.S. Census Bureau reports Kaufman's population at approximately 8,388, and the median home price in March 2024 was $284,000. CoStar data shows Build-to-Rent projects in Kaufman County achieving average effective rental rates up to $2.03 per square foot. Kaufman County experienced faster growth than any other county nationally from 2022 to 2023. Purchasers are responsible for verifying zoning and permitted uses. The acreage is calculated from a 10.16-acre parcel, accounting for right-of-way and easements. The APN is 54862.
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Location Insight
- Map
- Local Demand
- City
- Kaufman
- County
- Kaufman
- State
- Texas
- Longitude
- -96.32
- Latitude
- 32.5664
