Current Use by Public Records
- Mixed-use properties
Property Details for 975 State Hwy
- Lot size
- 29.83 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 29.826-acre commercial development opportunity is located at the southwest corner of Highway 287 and Highway 67 in Midlothian, Texas, offering unparalleled visibility and access. The property boasts 1,600 linear feet of frontage along Highway 67's service road, experiencing an average daily traffic count of 30,000 vehicles. Currently zoned PD 04, this site presents a unique redevelopment opportunity, with utilities readily available along the service road. While the property is currently platted into two parcels (one including an existing 18,000 sq ft industrial building not included in this sale and some floodplain), re-platting is recommended for future development. Parcel 2, encompassing 29.826 acres, is entirely free of floodplain and presents a blank canvas for various commercial, flex, or industrial uses, subject to City of Midlothian approval. Future development will benefit from two Texas Department of Transportation (TXDOT)-approved access points and internal road access. The property's strategic location benefits from the high growth experienced in Midlothian, with new residential developments underway nearby. The asking price is $7,500,000, translating to a land value of $5.77 per square foot. The site also includes 250 parking spaces. This is a prime opportunity to capitalize on Midlothian's thriving market and secure a prominent position in this rapidly expanding area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midlothian
- County
- Ellis
- State
- Texas
- Longitude
- -97.0149
- Latitude
- 32.4731
