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622 S Seven Points Blvd

8.33 Acres of Commercial Land Offered at $1,000,000 in Seven Points, TX 75143

Executive Summary

In an opportunity zone.

Property Facts

Price $1,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Daycare Center
  • Hold For Development
  • Hold For Investment
  • Medical
  • Neighborhood Center
  • Restaurant
  • Retail Warehouse
Total Lot Size 8.33 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $1,000,000
Price Per AC $120,048
Lot Size 8.33 AC

Front 3 acres along Seven Points is zoned commercial and back 5.3 acres is zoned multi-family. The city is willing to consider rezoning for multi-family for the front 3 acres zoned commercial.

Description

Great location for an OZ Zone apartment. City of willing to rezone the front 3 acres to multi-family for the right project. We have land planned a 250 unit complex that the city likes. There is only one apartment complex near the site that is off FM 274 and it stays fully leased. Seven Points Blvd is the main street in Seven Points. Restaurants and small business' located close by including Brookshires grocery. All utilities are at the site and has capacity.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0503-0150-CC00-59
Land Assessment
$209,531
Improvements Assessment
$0
Total Assessment
$209,531

zoning

Zoning Code Comm & Multi-family
Comm & Multi-family
  • Listing ID: 27983849

  • Date on Market: 3/15/2023

  • Last Updated:

  • Address: 622 S Seven Points Blvd, Seven Points, TX 75143

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