813 Holiday Dr Fate, TX 75087
- Commercial real estate
- 7.76 lot acres
Current Use by Public Records
- First Baptist Church Fate / Baptist Church
Property Details for 813 Holiday Dr
- Lot size
- 7.76 lot acres
- Property type
- Commercial real estate
Description
This exceptional 7.76-acre commercial land parcel in Fate, Texas, presents a unique investment opportunity. Strategically located on Highway 66, it enjoys premium frontage and visibility, positioned directly outside the entrance to Woodcreek, Fate's largest single-family residential development, ensuring high traffic volume and potential customer base. The property is comprised of two contiguous tracts: a 2.1-acre tract and a 3.1-acre tract, totaling over 5 acres of readily developable land. The Forward Fate Comprehensive Plan designates this unimproved land as "Supportive Commercial," ideal for a diverse range of uses including retail, restaurants, offices, and mixed-use developments. This designation aligns perfectly with the city's vision for a dynamic neighborhood, incorporating multifamily housing, live-work spaces, neighborhood services, and a seamless transition to the old town area. The property's location within a planned Mixed-Use Center encourages pedestrian-friendly, high-quality development that supports the growth of downtown Fate and its surrounding communities. The plan emphasizes a mix of housing types, higher development intensities along major roads, active street frontages to promote pedestrian activity, and the integration of parks to create a walkable environment. This shovel-ready site offers significant potential for developers seeking to capitalize on Fate's thriving residential growth and the city's forward-thinking development plan. The asking price is $1,170,000.
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
- Fate
- County
- Rockwall
- State
- Texas
- Longitude
- -96.3911
- Latitude
- 32.9382
