Property Details for 3080 New York Ave

Lot size

11.21 lot acres

Property type

Land

Description

This exceptional investment opportunity encompasses two prime commercial land sites totaling 11.212 acres, strategically located at the Northeast and Southeast corners of SH-360 Toll and New York Avenue in Grand Prairie, Texas (75052). The larger site, spanning 9.192 acres, is ideally suited for mixed-use commercial and multi-family development, offering significant potential for high returns. The smaller site, comprising 2.02 acres, presents equally compelling opportunities for commercial development. Both parcels are level, clean, and free of flood concerns, with all utilities readily available. Currently zoned C-1 Commercial, the properties boast excellent demographics, with strong population and income indicators, and benefit from the presence of 492 new apartment units under construction across SH-360, further enhancing their desirability. While historically approved for multi-family zoning, recent city sentiment suggests this may be challenging. Prospective buyers should conduct thorough due diligence and engage in preliminary research and political outreach with the city to assess the feasibility of multi-family development. The asking price for both sites is $7,600,000. The seller prefers a single transaction for both parcels but will consider separate offers. The land value ranges from $14 to $19 per square foot. This is an exceptional opportunity for investors seeking high-growth potential in a thriving Texas market.

Location Insight

City

Grand Prairie

County

Tarrant

State

Texas

Longitude

-97.0693

Latitude

32.626