1302 Cleburne Sta Pkwy Cleburne, TX 76033
Cleburne Station presents a unique 52-acre development opportunity in Cleburne, Texas. Eighteen acres are already approved for a multifamily project encompassing approximately 350 units, offering immediate development potential. The entire property benefits from its location within an Opportunity Zone, unlocking significant tax advantages for investors. A substantial $10 million in incentives is available through a 380 agreement with the City of Cleburne, further enhancing the project's financial viability. The land is currently zoned "E" Commercial, providing flexibility for various development options. Strategically located near a major Walmart distribution center, Cleburne Station enjoys excellent access to transportation and logistics networks. The property's proximity to the Cleburne Stadium (owned by the City of Cleburne) adds to its appeal and potential for synergistic development. This exceptional offering combines significant acreage, pre-approved multifamily zoning, substantial city incentives, and a prime location, making it an ideal investment for discerning developers. The address is 1302 Cleburne Sta Pkwy, Cleburne, TX 76033.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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