Ennis Multifamily Land
Land | 12.357 acres
Marketing description
Alpha Real Estate Advisors is pleased to exclusively offer for sale this 12.357 AC opportunity zone multifamily tract contiguous with a 35-acre commercial tract with I-45 visibility, located on SH-34 and Sonoma Trail. Ennis is currently positioned for large growth, backed by local leadership, and with I-45 being one of the fastest commutes to Dallas, Builders have not been able to build fast enough for families moving from the Metroplex due to the short commute times on I-45. Ennis is in a similar stage to Waxahachie, TX 15 years ago and is projecting similar growth with almost 5,000 multifamily and SFR units to be completed by 2030 of which more than 2,550 multifamily and SFR units to be completed by 2024. This development, located at main and main, is within an opportunity zone and will be neighboring Ennis' premier retail shopping center. Please inquire with the listing agent for additional details at (512) 216-5495 or [email protected].
Investment highlights
Multifamily Development at main and main in Ennis, TX neighboring a 35-acre commercial tract. The site has approved plans for 240 units and the City will support revision to the maximum density (26 units/acre) that the MF2-PD zoning allows. The site is located within an opportunity zone, drastically reducing or eliminating capital gains tax on 5, 7, or 10-years holds and is located within a rapidly growing secondary market of the Dallas-Fort Worth Metroplex.
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