1111 Ovilla Rd Waxahachie, TX 75167

Property Details for 1111 Ovilla Rd

Lot size

2.45 lot acres

Property type

Land

Description

This exceptional 2.451-acre commercial land parcel presents a remarkable investment opportunity in Waxahachie, Texas. Situated at the highly visible hard corner of 1111 Ovilla Road, this property boasts an ideal location for a variety of commercial ventures, including convenience stores, retail establishments, or professional office centers. The lot is platted and ready for development, featuring readily available water and sewer utilities. Currently zoned Residential, its Future Land Use Plan designates it for Commercial use, simplifying the development process. Ovilla Road is undergoing a significant expansion by TxDOT, transforming it into a four-lane thoroughfare with a two-lane turning median, ensuring exceptional visibility and accessibility. The right-of-way dedication is complete, and the net acreage reflects this adjustment. The property offers direct access to IH-35 to the east and HWY 287 to the south, providing convenient access to major transportation arteries. Furthermore, its strategic location benefits from the proximity to a planned residential development adding over 1,200 new homes to the northwest, creating a substantial customer base. Existing commercial development to the east, including new manufacturing and data facilities, further enhances the area's economic vitality. An existing 2,169-square-foot residence on the property can serve as temporary office space or generate rental income until commercial development commences. The asking price is $850,000, with a land value of $7.95 per square foot. The property's APN is 290745.