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509 W Bethel Rd - 509 West Bethel Road

0.94 Acres of Commercial Land Offered at $1,535,490 in Coppell, TX 75019

Investment Highlights

  • Visibility! This is Old Town Coppell's PRIME CORNER and forms the SW entrance to Coppell's Main Street development.

Executive Summary

Located off West Bethel Road between Denton Tap Road and Freeport Parkway, and approximately 4 blocks east of Hard Eight BBQ, this location doesn't get any better!
Representing Broker is a co-owner and Partner w/ Chadick Capital L.P., a limited liability partnership administered through Chadick Capital LLC.

Property Facts

Price $1,535,490
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Hold For Development
  • Hold For Investment
  • Restaurant
Total Lot Size 0.94 AC

1 Lot Available

Lot

Price $1,535,490
Price Per AC $1,633,500
Lot Size 0.94 AC

Nearly 1 acre located on THE prime corner of Old Town/ Main St. Development. SW Intersection of W. Bethel Rd. & Main St.(becoming S. Coppell Rd. going N). Largest vacant tract of land currently in Old Town. Re-Zoned in 2023. Ready for development.

Description

Former location of Coppell Baptist Church & Annex Building. Nearly a one acre vacant lot with a pre-approved re-zoning and development plan that was passed by Coppell's Planning and Zoning Commission and then Coppell's City Council in 2023. Existing buildings were removed in July of this year. Lot currently has two curb cuts off Bethel Rd. Approved plan is for 6, two-story buildings fronting West Bethel Road and Main Street w/ parking in rear as well as approved shared parking with the existing Main Street public lot (adjacent to this property on the south). If new Owner/ Developer utilizes this pre-approved plan, there is some flexibility to downscale this project - one which was designed to maximize existing land use, just not to enlarge approved building footprints, as well as the ability to alter the proposed building's exterior facade design. Whatever is proposed will need to be approved by the current owners who own substantial assets directly across from this tract. First priority will be given to purchasers who are in agreement to utilize the pre-existing, pre-approved development proposal.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
65129646510170000
Land Assessment
$381,590
Improvements Assessment
$117,200
Total Assessment
$498,790

zoning

Zoning Code "MAIN STREET" PD/SUP (Newly re-zoned to conform to Coppell's Main Street Development project. 6 office/ retail lots, two story w/ living above. Formerly zoned HO - PD/ SUP)
"MAIN STREET" PD/SUP (Newly re-zoned to conform to Coppell's Main Street Development project. 6 office/ retail lots, two story w/ living above. Formerly zoned HO - PD/ SUP)
  • Listing ID: 33657132

  • Date on Market: 10/27/2024

  • Last Updated:

  • Address: 509 W Bethel Rd, Coppell, TX 75019

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