141 Graham Rd - New Fairview, TX, Wise County

1.77-acre commercial tract on a hard-corner available for purchase in an up-and-coming market. Both City of New Fairview and Wise County have seen unprecedented growth in the last couple of years. From the years of 2021 through 2022, the New Fairview population grew over 31%, with a current estimated population of 2,060. That amount is set to drastically increase as early as the year 2023, and throughout the next couple of years, as the City has approved many plats for residential subdivisions which would bring 1,000s of new rooftops. The recently approved plats include plans for many large single-family subdivisions as well as multi-family, and would encompass 1,000s of acres across town. Additionally, less than 4-miles and a 10-minute drive away is the "Rolling V Ranch" which is a 3,400 acre and 10,000 home Master Planned community in Wise County and City of Rhome-Extra Territorial Jurisdiction (ETJ). As new residents flock to the area to escape the high price living of bigger cities such as Fort Worth and Dallas, property values in New Fairview will continue to climb higher. This 1.77-acre tract presents a wonderful opportunity to purchase commercial land that is reasonably priced before the market becomes saturated with additional listings and development. Communication with the City of New Fairview will indicate that not only residential, but commercial developers are actively buying up land all across town too. Additionally, the TXDOT Statewide Planning Map shows that FM 407 is slated for a road expansion in the next 4 years, bringing the thoroughfare up to 6 lanes. It is not only the City's expectation (as indicated by approvals of a multitude of plats) but also the State's and TXDOT's expectation that this City is on the verge of growing tremendously, such that it is a great opportunity for many of businesses. FM 407 is the City's most prominent thoroughfare, with the 1.77-acre tract strategically located along it, right in the middle of town and about 1/4-mile away from State Hwy. 287.