Lake Ridge Pkwy Grand Prairie, TX 75052
- Land
- 39.70 lot acres
Current Use by Public Records
- Land
Property Details for 0 Lake Ridge Pkwy
- Lot size
- 39.70 lot acres
- Property type
- Land
Description
This exceptional 39.7-acre tract is ideally situated in the heart of South Grand Prairie, Texas, at the southwest corner of Great Southwest Parkway and Lake Ridge Parkway, just south of I-20. The property's strategic location offers unparalleled access to major transportation arteries and is surrounded by a thriving mix of existing single-family homes, commercial businesses, and retail establishments. Nearby amenities include Methodist Urgent Care and Medical City Family Medicine, highlighting the area's strong medical presence. The land is zoned PD-52 (SF-1), presenting versatile development opportunities for both residential and commercial projects. The asking price is $4,323,330, reflecting a recent price reduction in June 2023. Essential utilities, including water, sewer, and electricity, are available according to city records. Furthermore, any previous capped well and production equipment have been removed as of Spring 2023, simplifying development plans. The property falls within the Arlington ISD school district. This presents a unique chance to acquire a significant land parcel in a rapidly growing area with excellent infrastructure and a diverse range of existing businesses and residential communities. The property's size and location make it an attractive investment for developers seeking to capitalize on the area's continued expansion.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Prairie
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0427
- Latitude
- 32.6558
