Fm 664 Red Oak, TX 75154
- Land
- 9.79 lot acres
Current Use by Public Records
- Land
Property Details for 0 Fm 664
- Lot size
- 9.79 lot acres
- Property type
- Land
Description
This exceptional 9.789-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding Ovilla, Texas market. Located on Ovilla Road (FM 664), between S Westmoreland Rd and Malloy Rd, this property boasts unparalleled visibility and convenient access, situated just 3.5 miles from Interstate 35E. The property is zoned CG (General Commercial), permitting a diverse range of uses including retail, restaurant (drive-throughs allowed with SUP), medical, office, daycare, and mini-warehouse facilities. Two pre-existing conceptual site plans offer various development configurations to suit diverse needs. The site's strategic location benefits from a robust existing retail landscape, with nearby establishments including Walmart, Starbucks, Brookshire's, CVS, Walgreens, and many more. Furthermore, the area has experienced significant population growth—a remarkable 54.33% increase from 2010 to 2023—with projections indicating an additional 10.76% growth between 2023 and 2028. This substantial population surge underscores the exceptional potential for commercial development and strong returns on investment. The property's APN is 250566, and it's located in Ellis County, Texas, zip code 75154. This prime location and zoning flexibility make this an ideal site for developers seeking to capitalize on the area's explosive growth.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Red Oak
- County
- Ellis
- State
- Texas
- Longitude
- -96.7915
- Latitude
- 32.5312
