Property Type: Vacant Land
Assignment contract offered for this 2.82 acres DEVELOPER�/BUILDER�s DREAM- commercial vacant land in the multifamily district. Huge potential for student or multifamily residences with the lot located 1.7m from the University of North Texas and with frontage on E Wheatland Rd. Potential to subdivide for single family units and developing. Zoning standards allow for 3000sqf lots and 36� allowable height, which gives opportunity to build between 30-40 multifamily or single family dwellings on this lot. Perfectly located by the I-20 and I-35E (SRL Thornton Fwy) intersection, with plenty of schools nearby and close to the Danieldale Sprayground, Whataburger, churches and parks- plenty of housing opportunity.
Comparable sales suggest the deal is priced at around 50% of market value! Sales price includes assignment fee payable to wholesaler.
Disclaimer: Please do your own due diligence. Land is being sold as-is, and buyer is to pay all closing costs. Price based on a cash or hard money offer. All properties offered are either owned by Churn Investments, LLC, under contract and selling equitable interest, or offered in conjunction with a business associate. We respond immediately to an offer