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4816 W State Highway 31 - Residential Development on HWY-31
43.3 Acres of Residential Land Offered at $1,650,000 in Corsicana, TX 75110
Investment Highlights
- Seller financing is available up to $400,000 of the purchase price, offering a 30-year term with a fixed interest rate of 5%.
- 530' feet of HWY-31 frontage with no easements, great shape, not in a flood zone, gently levelled and utilities nearby.
- Under construction or completed: Dutch Bros, Layne’s Chicken, Chase Bank, McDonald’s, Mavis Discount Tire & more!
- D.R. Horton has begun construction on over 250+ acres only 0.5 miles up the road.
- Major city announcement: TJ Maxx, Academy, ULTA & Hobby Lobby have begun construction 0.5 miles up the road.
- 1-mile from Navarro College, Corsicana High/Middle/Elementary School, Navarro Hospital, Walmart Supercenter, & more!
Executive Summary
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
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-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts Under Contract
| Price | $1,650,000 | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 43.30 AC |
| Price | $1,650,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 43.30 AC |
1 Lot Available
Lot
| Price | $1,650,000 | Lot Size | 43.30 AC |
| Price Per AC | $38,106 |
| Price | $1,650,000 |
| Price Per AC | $38,106 |
| Lot Size | 43.30 AC |
No easements, great shape, not in a flood zone, gently leveled and utilities nearby. Rare opportunity to own 43.27 acres with 530 FT of frontage off State Highway-31 in the City of Corsicana next to all the growth happening 0.5 miles up the road!
Description
The property is conveniently located near essential amenities, including Walmart, Regional Hospital, Navarro High/Middle/Elementary School & College. Additionally, it offers easy access to the highway and is within 0.5 miles of new restaurants, shopping centers, and retail stores. High value investment opportunity to develop today or hold long-term as Corsicana's in it's growth phase with fortune-500 companies actively entering the market and breaking ground. D.R. Horton has begun construction on over 250+ acres neighboring this property. This is a rare opportunity to own 43.27 acres with 530 FT of frontage off State Highway-31 in a prime location. No easements, great shape, not in a flood zone, gently leveled and utilities nearby.
PROPERTY TAXES
| Parcel Number | 48035 | Improvements Assessment | $0 (2023) |
| Land Assessment | $318,180 (2023) | Total Assessment | $318,180 (2023) |
PROPERTY TAXES
zoning
| Zoning Code | R2 ("R2" calls for SFH Development of 10,000 SF lots per home. Lot size has the possibility to be reduced to 5,000 or 7,500 square foot lots per home.) |
| R2 ("R2" calls for SFH Development of 10,000 SF lots per home. Lot size has the possibility to be reduced to 5,000 or 7,500 square foot lots per home.) |
Presented by
4816 W State Highway 31 - Residential Development on HWY-31
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