0 Northwood Blvd Corsicana, TX 75110
This exceptional 28.007-acre property in Corsicana, Texas, presents a prime build-to-rent development opportunity. Located within city limits (75110), this fully entitled and shovel-ready site is zoned for 176 multifamily fee simple townhome lots and 16 single-family lots (R-3 zoning), totaling 192 potential units. Engineering and plat updates for townhome lots are currently underway, and all engineering and development documents will be conveyed at closing. The property boasts convenient access to all utilities and is approximately one hour from downtown Dallas. Priced at an attractive $1,900,000 ($9,895 per door/paper lot), this represents a compelling investment opportunity. The seller is motivated, and all offers are encouraged. This fee simple ownership offers significant potential for substantial returns. The land value is $1.56 per square foot. Don't miss this chance to acquire a highly desirable, ready-to-develop tract in a growing Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.