Current Use by Public Records
- Land
Property Details for 0 & Rex Odom Rd
- Lot size
- 89.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 89-acre tract presents a remarkable investment opportunity in the rapidly expanding Midlothian/Waxahachie, Texas area. Situated along US Highway 287 and Rex Odom Road, this property boasts unparalleled access to major transportation arteries and benefits from significant infrastructure improvements underway. The land overlooks the US 287 growth corridor, connecting two thriving Texas cities. Nearby developments include the substantial 966-acre, 2700-home Diamond J Ranch, and the Mid-Way Regional Airport. Future residential growth projections indicate over 15,000 new single-family homes within a 10-minute drive by 2026, creating a substantial new customer base. This presents a unique chance to capitalize on the burgeoning Ellis County retail market. The area is experiencing substantial growth fueled by new hospitals (Baylor Scott White, Waxahachie and Methodist Medical Center, Midlothian), a Google data center and regional headquarters in Midlothian, and planned highway improvements (TxDOT service road additions to US 287). Further enhancing the property's appeal are new boulevard and road projects planned by the cities of Waxahachie and Midlothian, including the Longbranch Road widening and extension, and new collector roads connecting Longbranch to Walnut Grove. These improvements, coupled with the cities' comprehensive plan enhancements, position this property for exceptional long-term value. The property offers frontage on US 287, Rex Odom Road, and Prong Creek, providing excellent visibility and accessibility. The asking price is $20,353,410.
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
- Midlothian
- County
- Ellis
- State
- Texas
- Longitude
- -96.9171
- Latitude
- 32.4401
