412+/- Acre Development Site | Dallas Metro

412+/- Acre Development Site | Dallas Metro

Excellent Location:
- The 412.84-acre site (Site) is strategically located with northern frontage along Lake Ridge Parkway in the City of Cedar Hill, Dallas County and southern frontage along Tayman Drive in the City of Midlothian, Ellis County.
- The Site provides excellent visibility with approximately 3,300 feet of frontage along Lake Ridge Parkway a half-mile west of Highway 67 which is the main north-south thoroughfare in Cedar Hill.
- The Site offers excellent views in all directions with elevations exceeding 800 feet.
- The Site is adjacent to Lake Ridge at Joe Pool Lake which features Tangle Ridge Golf Course, current asking prices range from $312k to $2.49M.
- Future planned Loop 9 at the intersection of Lake Ridge Parkway and Highway 67 which will extend east to I-35 and I-45 providing residents increased mobility and accessibility in the region.

Population, Demographics, & Traffic Counts:
- Traffic counts along this section of Highway 67 are close to 40,000 vehicles per day and exceed over 4,000 vehicles per day on Lake Ridge Parkway.
- Median household income is $92,061 and median home values are $392,593 within a 1-mile radius.
- From 2010 to 2018, Cedar Hill grew 11.44 percent and Midlothian grew 32.17 to a population of 50,180 and 24,073 respectfully.

Zoning:
- The portion of the Site located in Cedar Hill is currently zoned as SF-E - Single Family Residential Estate and the portion in Midlothian is currently zoned "R3 - Residential Three."
- SF-E currently allow for a minimum lot size of 43,560 SF and R3 allows for a minimum lot size of 6,000 SF. Please note the R3 zoning is currently inactive, but our understanding is that it has been grandfathered in as it relates to this Site.

A co-broker fee is available to a Broker that sources a Principal that Vanguard REA has not previously contacted regarding this property.

Please contact Jordan Cortez at (214) 663-8523 or copy and paste the below URL into your browser to obtain additional information on the Site as well as all due diligence material.
http://vanguardrea.listinglab.com/prop51643