Current Use by Public Records
- Apartment buildings
Property Details for 7002 Maryland St
- Property type
- Apartment buildings
Description
This exceptional 10.45-acre tract in Abilene, Texas, presents a lucrative multifamily development opportunity. Located at 7002 Maryland St, zip code 79606, in Taylor County, this property is zoned MD Multi-Family, permitting a high-density development of up to 12 units per acre. The zoning allows for diverse development options, including apartments, fourplexes, duplexes, or even single-family homes, catering to a wide range of market demands. While the entire property lies within the floodplain, it's importantly situated outside the floodway. This means that construction is feasible, requiring only adherence to Base Flood Elevation building codes. The land value is assessed at $45,454 per acre, reflecting the significant potential for return on investment. The asking price for the entire 10.45-acre tract is $475,000. This property offers developers a unique chance to capitalize on Abilene's growing housing market and create a substantial multifamily development. The latitude and longitude coordinates are 32.4146648414069, -99.81817876064852 respectively. This is a remarkable opportunity to acquire a large, well-located parcel ready for immediate development.
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
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.8182
- Latitude
- 32.4147
