813 W Holiday - Highway 66 Rockwall, TX 75087
2-5 acres, Highway 66 frontage, Rockwall, TX, Fast Growing East Dallas SubMarket, Near Downtown Fate
Marketing description
3.1 Acres - located behind, or North of FBC Fate building. Frontage signage opportunity along Highway 66. Right of way access/driveway along east side of FBC Fate.
The church building, parking lot, improvements, and tract on which they sit are not for sale. Survey available.
Commercially zoned land, approved for Multifamily, Commercial Services, place of assembly, school, R1 2 & 3, Neighborhood Commercial, General Retail, restaurant, office, highway commercial
Forward Fate Comprehensive Plan establishes this unimproved commercial land as Supportive Commercial perfectly suited for retail, restaurant, office, Neighborhood Commercial, mixed use, complimenting the overlay's Dynamic Neighborhood including multifamily, office, live-work R-3, R-4, Neighborhood services, and old town transition. Situated with premium frontage on highway 66, outside the main entrance to the largest SFR development in the city of Fate, Woodcreek, this property is poised for optimal traffic.
Survey available, but replat required to create divisibilities. Seller to work with buyer to complete during the due diligence period.
Tract 1 is approximately 2.1 acres which SOLD for commercial retail/neighborhood services has 227' frontage on Highway 66, and the contiguous Tract 2 which is AVAILABLE FOR SALE is approximately 3.1 acres to the north or behind the church, shovel ready land for development.
Investment highlights
Highlights include:
- Forward Fate is CoMixed-Use Center that invites fiscally sustainable, pedestrian scaled, high quality development supportive of growth in downtown Fate and surrounding neighborhoods.
- Forward Fate overlay includes a robust mix of housing types, with higher development intensities along major thoroughfares - such as this along Highway 66 - with active frontages for pedestrian activity, incorporating parks to create half-mile walkshed.
- Subject property is located outside of Woodcreek community's main entrance and clubhouse. Woodcreek is the largest housing development in the city of Fate with over 4000 SFR homes.
- Rockwall boasts an affluent demographic with twice the national average household income, and four times the average net worth.
- Ranked by Money Magazine and US Today as one of the Top Four places in the US to live, making this an ideal target market for commercial development.
- Rockwall County ranks in the Top 5 in Texas counties for purchasing power
- With over $1.5 Billion in state roadway funding, including $750 Million spent widening Interstate 30 further establish Rockwall as a destination hub in DFW
- NAR names Dallas-Fort Worth the #2 market to watch in 2024, surpassing Chicago Dallas is now the #3 DMA in the United States.
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