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605 Freeway Service Road - Old Brickyard Golf Course

135.22 Acres of Commercial Land in Ferris, TX 75125

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Investment Highlights

* Excellent visibility and access from IH-45. 4,000 LF of frontage
* Directly across IH-45 from Woodstone.

* Just south of Loop 9 interchange with IH-45.

Executive Summary

Call for pricing.
Golf course is profitable; however, it is not being sold as a golf course necessarily. Pricing is based on land value and that pricing places it out of a range that would make sense as a golf course's going concern value.

Brick Yard Golf Course

Offering Memorandum

Property Facts

Sale Type	Investment	Property Subtype	Commercial
No. Lots	1	Proposed Use	Mixed Use
Property Type	Land	Total Lot Size	135.22 AC

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use
Total Lot Size	135.22 AC

1 Lot Available

Lot

Lot Size	135.22 AC

Lot Size	135.22 AC

135.22 Acres 18-hole, 6,500 yard golf course with club, cart warehouse and maintenance shop. Golf course built in 2001 Over 4,000 LF frontage on IH-45, great visibility and access from three sides. 47,437 cars per day traffic count IH-45

Description

This property presents a prime mixed-use development tract with ~4,000 LF of IH-45 frontage, just 20 miles south o f the Dallas CBD. An established golf course, the Old Brickyard Golf Club has an exceptional course layout, access to water for irrigation, an excellent practice facility as well as a stocked pro-shop and full service bar and grill open Friday-Sunday. The land is much more valuable for mixed use development than the golf course is as a going concern; however, the going concern does cash flow for a developer while plans are made to capitalize on the property's frontage as well as its close access to Loop 9 directly north of the property, and Woodstone (former South Creek Ranch) the conceptual 5,000+ acre master-planned community directly across IH-45. This tract presents a wonderful opportunity for a high exposure, mixed use development .

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PROPERTY TAXES

Parcel Numbers	Multiple 205234 188939	Improvements Assessment	$378,519
Land Assessment	$630,975	Total Assessment	$1,009,494

PROPERTY TAXES

Parcel Numbers

Multiple

205234
188939

Land Assessment

$630,975

Improvements Assessment

$378,519

Total Assessment

$1,009,494

zoning

Zoning Code	CC - Commercial corridor (Property is partially in Ellis County and partially in Dallas County. Portion in Ellis County is in the Ferris city limits with a CC zoning.)
CC - Commercial corridor (Property is partially in Ellis County and partially in Dallas County. Portion in Ellis County is in the Ferris city limits with a CC zoning.)