3399 Chiesa Rd, Rowlett, TX 75088
This exceptional 21.4-acre parcel, located at the hard corner of Miller and Chiesa Roads in Rowlett, Texas, presents a remarkable investment opportunity. Currently zoned for mixed-use and enjoying an agricultural exemption, this property offers unparalleled versatility for a wide range of development projects, encompassing both commercial and residential uses. Situated in a high-traffic area, its prime location benefits from proximity to major thoroughfares, including easy access to George Bush Turnpike and I-30 (both under 5 minutes away). The property's desirability is further enhanced by its location in a rapidly growing area of Rowlett, a lakeside community with a median household income of $103,627 (source: City of Rowlett Economic Development Department). The ongoing widening of Chiesa Road adds significant value, making this an even more attractive location for development. Furthermore, its close proximity to Lake Ray Hubbard (walkable distance) and the $1 billion Sapphire Bay mixed-use development (under 5 minutes away) provides exceptional lifestyle amenities and synergistic development potential. New homes are currently being built adjacent to the property, indicating strong market demand. The seller is open to subdividing the land, offering flexibility for various development scenarios. This 932,971 square foot lot represents a truly exceptional opportunity for developers seeking a prime location in a thriving Texas community. The asking price is $8,156,610.
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Canterbury Cove Construction Company General Contractor
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
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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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