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Property profile & analytics
OFF-MARKET
Land

0 Morgan Rd & Dilworth Rd Italy, TX 76651

79.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 79.6-acre commercial land parcel presents a unique investment opportunity in Ellis County, Texas. Located in Italy, TX, this largely flat, developable tract is situated near the only elementary school in town, suggesting strong potential for residential development. The property's strategic location offers significant advantages. It's conveniently positioned approximately 2,500 feet from Italy's central business district (CBD), 450 feet from US 377, and 3,100 feet from I-35E, ensuring excellent accessibility. A key feature is its proximity to the soon-to-be-constructed Highway 34 bypass, which will intersect the southwestern edge of the property, creating over 3,000 feet of potential frontage on both sides of the bypass. This significant road improvement promises increased visibility and accessibility, further enhancing the property's value. Currently unzoned and outside city limits, this expansive tract offers flexibility for various development plans, including single-family residential or investment opportunities. Water service is provided by the South Ellis County Water Supply Corp. This is one of the largest remaining tracts in the area, making it an exceptional opportunity for developers seeking a substantial land holding with significant future growth potential. The property is offered for sale by owner at $1,751,200.

Property profile
Verified
Property type Land
Lot 79.6 ac (3,467,376 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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