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$499,000

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8.5 Acres Lot

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000 Eason Street Terrell, TX 75160

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Patricia Ann Young

patricia@followmyheelshome.com +1(972) 795-4260

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Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Terrell Rev

MLS Listing ID 20895376

Annual Tax Amount $3,579

Lot Size 8.500 Acres

Acres 8.5

Property Sub-Type Unimproved Land

Property Description

8.5 acres preliminary dirt work complete, Perfectly suited for residential, multi-family, condos, duplexes, etc. Site is currently FULLY ENTITLED with a DEVELOPMENT AGREEMENT in place with The City of Terrell for 36 SFR homes. Lucrative investment opportunity for a plug and play developers dream. Or bring your own vision!
Kaufman County is the FASTEST growing county in the nation. This site is just 10-minutes from a new Amazon distribution facility, making it a prime location with booming growth opportunity.
City is offering TIRZ to reimburse developer for part of the infrastructure expense for one of the roads. Utilities are all assessable on site to tie into Oncor has committed to bringing electricity to every door.
The site plan has been FULLY APPROVED by the City of Terrell. That and the Development Agreement is available upon request, along with the plat, GEO report and Civil Engineering. This site is SHOVEL READY with all utilities and infrastructure in place to easily tie into. The City is offering TIRZ to reimburse the developers cost to bring utilities to each homesite, and put in the road.

Highlights in the DA specify the following details... Cost for utilities would fall under impact fees within the development agreement which is intact. The city will be funding the majority of the infrastructure costs, reimbursing the developer through TIRZ. In consideration of the Eason Street improvements, The City of Terrell agrees to credit one hundred percent (l00%) of the Transportation Roadway Impact Fees. The City of Terrell also agrees to provide an amount equal to, for each residence with a homestead exemption, three (3) years of seventy-five percent (75%) of reimbursement of maintenance and operation property taxes.

Please contact listing agent for additional information.

Location

State TX

County Kaufman

Zoning Fully Approved Residential Development for 36 SFR units. TIRZ available to developer to reimburse for improvements, including road, Water Sewer available to tie into in site. Oncor to bring power lines to each SFR unit.

Direction Follow GPS to Eason St and West End St in Terrell, continue on Eason St to real estate sign located on clear lots. Call agent with any inquiries

Exterior

Utilities Available City Sewer, City Water, Electricity Available, See Remarks

Garage No

Building

Lot Description Acreage, Cleared, Other, Subdivision

Others

Special Listing Condition Aerial Photo, Survey Available

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20895376

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Kimberly Woodul • Ebby Halliday, REALTORS

NEARBY SCHOOL & BUSINESS

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Patricia Ann Young

Agent | License ID: 0555284

+1(972) 795-4260

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000 Eason Street Terrell, TX 75160

Patricia Ann Young

Key Details

Location

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Building

Others

NEARBY SCHOOL & BUSINESS

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000 Eason Street