65567 Fm 1504 Edgewood, TX 75117
- Commercial real estate
- 52.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 65567 Fm 1504
- Lot size
- 52.40 lot acres
- Property type
- Commercial real estate
Description
This exceptional 52.4-acre tract in Edgewood, Texas, presents a unique multifamily development opportunity. The property boasts generally level topography, a pond, and some trees, enhancing its appeal. Improvements include an 8,000 square foot hay barn, a water well, and perimeter fencing. A significant portion of the land, near FM1504, falls within Edgewood city limits and is zoned R-2, permitting uses allowed in R-1 zoning (single-family dwellings) plus two-family dwellings, duplexes, apartment houses, and other multifamily dwellings. The rear portion of the property lies within Edgewood's extraterritorial jurisdiction (ETJ). Conveniently located near the Edgewood city center, utilities are readily accessible. The property enjoys excellent access to US Highway 80 (half a mile north) and Interstate Highway 20 (south). Currently benefiting from an agricultural tax exemption and an existing agricultural lease, this property offers substantial potential for developers seeking a prime location for residential construction in a growing area. The property is served by Edgewood I.S.D. The address is 65567 FM1504, Edgewood, TX 75117.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edgewood
- County
- Van Zandt
- State
- Texas
- Longitude
- -95.894478
- Latitude
- 32.688239
