Premium 1.143 acre lot zoned COMMERCIAL, PD-32. Build up to 5 stories high. Perfect for retail, restaurant, office, restaurant, mixed use. Located in Rockwall’s premier central business district with high visibility from I-30 and next to luxury apartments, townhomes, condos and hotels supporting HIGH FOOT TRAFFIC. Located across from Rockwall’s premier Harbor District, overlooking Lake Ray Hubbard and the Dallas skyline in the distance, just minutes off of I-30. Premium East Dallas submarket, 30 minutes east of Downtown Dallas.
The Harbor District is the dining, entertainment and retail destination hub for Rockwall County and the five surrounding counties. This site is located in PD-32, a walkable neighborhood rich in new development of luxury condos, townhomes and high-end apartments. With over 2,700 residences within walking distance, this site is perfectly suited for retail, restaurant, office, medical, hospitality or mixed use. Rockwall County is an affluent community made up of savvy suburbanites, ex-urbanites and boasts an average net worth four times the national average.
Rockwall boasts an affluent demographic with twice the national average household income, and four times the average net worth. Ranked by Money Magazine and US Today as one of the Top Four places in the US to live, making this an ideal target market for commercial development.
HIGHLIGHTS:
• IN 2020, ROCKWALL WAS RANKED BY MONEY MAGAZINE AS THE NO. 4 BEST PLACE TO LIVE IN THE UNITED STATES.
• DFW SURPASSED CHICAGO AS NO. 3 DESIGNATED MARKETING AREA IN THE U.S.
• ROCKWALL COUNTY IS ONE OF THE MOST AFFLUENT COUNTIES IN THE STATE OF TEXAS.
• THE PROPERTY TAXES OF ROCKWALL ARE SUBSTANTIALLY BELOW SURROUNDING MUNICIPALITIES. FOR INSTANCE, DALLAS HAS A TOTAL PROPERTY TAX RATE OF 2.64% WHILE ROCKWALL IS 1.80%.
• THE HARBOR DISTRICT BOASTS SOME OF THE STRONGEST MARKET ECONOMICS IN THE DFW METROPLEX WITH OFFICE, RESTAURANT AND RETAIL RENT COMPS, AS WELL AS MULTI-FAMILY RENT COMPS WELL ABOVE AVERAGE; MAKING THIS A DEVELOPER’S IDEAL SITE.
• HIGH VISIBILITY FROM I-30.
• ROCKWALL COUNTY’S CENTRAL BUSINESS DISTRICT, THE HARBOR DISTRICT IS THE DINING, ENTERTAINMENT AND RETAIL DESTINATION HUB FOR ROCKWALL COUNTY AND THE 5 SURROUNDING COUNTIES.
• THIS SITE IS LOCATED IN PD-32, A WALKABLE NEIGHBORHOOD RICH IN NEW DEVELOPMENT OF LUXURY CONDOS, TOWNHOMES AND HIGH-END APARTMENTS. WITH OVER 2,700 LUXURY RESIDENCES WITHIN WALKING DISTANCE, THIS SITE IS PERFECTLY SUITED FOR RETAIL, RESTAURANT, OFFICE, MEDICAL OR MIXED USE.
• ROCKWALL IS AN AFFLUENT COMMUNITY MADE UP OF SAVVY SUBURBANITES, EX-URBANITES AND BOASTS A NET WORTH FOUR TIMES HIGHER THAN THE NATIONAL AVERAGE.
• PUBLIC PARKING LOT LOCATED, AND SHARED GARAGE PARKING LOCATED NEARBY.
• CITY STREETS, CURBS, SIDEWALKS AND CITY UTILITIES AVAILABLE IN THE AREA.
• I-30 EXPANSION AND NEW SAPPHIRE BAY AND BAYSIDE DEVELOPMENT OPPOSITE LAKE RAY HUBBARD FURTHER ESTABLISH ROCKWALL AS A DESTINATION HUB.
Kimberly Woodul
Ebby Halliday Realtors
