300 45Th St Corsicana, TX 75110
- Land
- 15.65 lot acres
Current Use by Public Records
- Land
Property Details for 300 45Th St
- Lot size
- 15.65 lot acres
- Property type
- Land
Description
This exceptional 15.65-acre site in Corsicana, Texas, presents a compelling investment opportunity in a market experiencing a significant housing shortage. Located at 300 N 45th St, Corsicana, TX 75110, this property is ideally situated in Navarro County, approximately 50 miles southeast of Dallas. Zoned MF2 Multi-Family, the land allows for the development of up to 426 units, catering to the area's high demand for rental housing. The site boasts a clean title, free of floodplain issues or unusual easements, and benefits from readily available utilities. A recent city housing study highlights the substantial need for additional residential units, indicating strong potential for high occupancy and rental rates. Existing older apartments in the area command high rental rates and occupancy, further supporting the viability of this development. The property is priced at $1,990,000, representing a significant value for investors seeking mid-density development opportunities. While previously listed at a higher price, this reduced price reflects an attractive entry point for developers. Detailed maps and information are available in the accompanying brochure. The site is located in West Corsicana within a Non-Metro DDA, though it is not designated as a Qualified Census Tract (QCT) or Opportunity Zone (OZ).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corsicana
- County
- Navarro
- State
- Texas
- Longitude
- -96.5043
- Latitude
- 32.0722
