1497 N J Elmer Weaver Fwy
Cedar Hill, TX 75104

$4,325,000 USD

Land For Sale • 8.56 AC

Property Details

Property Type Land
Lot Size 8.56 AC
Zoning Zoned 2022-755

0 Transit Score

5 Walk Score

                
                    Highlights
                
                                 The 8.56+/- acre Site is ideally located at the northwest quadrant of US Highway 67 and W. Wintergreen Road just three miles south of Interstate 20.
                            
                                The Site is zoned through ordinance 2022-775 allowing for 182+/- units of “retirement housing” which is age restricted to 55+.
                            
                                The Buyer will have to construct the storm water drainage improvements which is estimated to cost approximately $1MM.
                            
                                Per the US Census Bureau, the population of Cedar Hill grew by 1.31% between 2020 and 2021 from 48,337 to 48,968.
                            
                                Active adult rent comparables within a 15 mile radius are achieving market rents up to $2.21 psf.
                            
                                In the immediate area are a number of national grocers, retailers, and restaurants such as Costco, Chick-fil-a, Starbucks, 7-Eleven, and more.