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764 S Mitchell Rd - commercial

36.69 Acres of Commercial Land Offered at $9,500,000 in Mansfield, TX 76063

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Executive Summary

Property is located on the East side of US Hwy 287 just south of Heritage Parkway. Mitchell Rd is on the east side of the property. Property was rezoned to PD to allow for the current church owner to develop as a church. The city says they would expect it to be rezoned to Industrial or commercial so long as jobs will be created from that use. Engineers have estimated 6 acres are in the flood area.

764 Mitchell Rd Brochure

Property Facts

Price	$9,500,000	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Redevelopment Project	Proposed Use	Commercial Retail Office Multifamily Hospitality Apartment Units Apartment Units - Condo Neighborhood Center Single Family Development
No. Lots	1	Total Lot Size	36.69 AC

Price	$9,500,000
Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Multifamily Hospitality Apartment Units Apartment Units - Condo Neighborhood Center Single Family Development
Total Lot Size	36.69 AC

1 Lot Available

Lot

Price	$9,500,000	Lot Size	36.69 AC
Price Per AC	$258,926

Price	$9,500,000
Price Per AC	$258,926
Lot Size	36.69 AC

See survey. Property has a few trees and three older houses that are not considered in the value of this property. Property is ripe for development as this area is the hottest developing area of Mansfield. US Hwy 287 is one of the longest roads in US

Description

Property is in an area that is rapidly developing in every aspect. Service roads are being improved, Commercial and Industrial and Office properties are being built and occupied to the North, residential homes, schools and hospitals are to the NE and to the immediate South.

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