1111 Ovilla Rd Waxahachie, TX 75167

Property Details for 1111 Ovilla Rd

Year built

1986

Lot size

2.45 lot acres

Property size

2,169 SF

Property type

Commercial real estate

Description

This exceptional 2.45-acre commercial lot presents a prime investment opportunity in Waxahachie, Texas. Situated on a hard corner of Ovilla Road, a major arterial thoroughfare undergoing a significant four-lane expansion by TxDOT, this property boasts unparalleled visibility and accessibility. The existing 2,169 square foot residence offers immediate utility as an office or rental property while plans for commercial development are underway. The property's strategic location provides direct access to IH-35 and HWY 287, ensuring convenient connectivity. Furthermore, the site benefits from the proximity of a planned residential development encompassing over 1,200 new homes, creating a substantial customer base. Existing commercial development to the east, including new manufacturing and data facilities, adds to the area's economic vitality. Water and sewer utilities are readily available. While currently zoned single-family residential (SFR), the Future Land Use Plan designates this site for commercial use, making it ideal for a convenience store, local retail establishment, or professional office center. The platted lot's net acreage accurately reflects the completed right-of-way dedication associated with the road expansion. This property represents a rare chance to capitalize on a rapidly growing area with exceptional potential for future development and high return on investment. Priced at $850,000.

Location Insight

City

Waxahachie

County

Ellis

State

Texas

Longitude

-96.8741

Latitude

32.4443