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    Land

    3399 Chiesa Rd, Rowlett, TX 75088

    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    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
    Current use
    Occupant on record · Public records
    • Canterbury Cove Construction Company General Contractor
    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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