Longbranch Rd Midlothian, TX 75167
- Land
- 291.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Longbranch Rd
- Lot size
- 291.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This extraordinary 291-acre Ellis County property presents a unique investment opportunity. Strategically located between the 2700-home Hannover Bridgewater development and Mid-Way Regional Airport, this land boasts a Midlothian Corporate Module land-use designation. The property includes shoreline and partial ownership of the 50-acre Bridgewater Lake #1, offering significant potential. Access is provided via an existing easement from Longbranch Road, with a planned collector road further enhancing accessibility. Planned utility connections will extend municipal services to the property, connecting it to the Bridgewater development. Currently generating cash flow through agricultural leases, this land maintains the advantageous Ellis County agricultural property tax status. According to CoStar listings from August 2021, this represents the lowest listed price per square foot for commercial land in Ellis County, making it an exceptionally compelling investment. The property's proximity to a major residential development and airport positions it for substantial future growth and development potential. The asking price for this expansive tract is $12,000,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midlothian
- County
- Ellis
- State
- Texas
- Longitude
- -96.9081
- Latitude
- 32.4685
