458+/- Acre Development Site | Bridgeport ETJ | DFW Metro
Land | 458 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer qualified investors and developers the opportunity to purchase 457.73+/- acres (the “Site”) in the Bridgeport, TX ETJ. The City of Bridgeport is located along US-380 in the rapidly growing Wise County located approximately 13 miles west of Decatur and less than an hour drive northwest of Fort Worth CBD. Bridgeport has a estimated population as of 2022 of 6,321 residents and has seen its population grow nearly 7% since 2020. The Site benefits from its premier highway frontage on the western edge of town, accessibility on both sides of US-380, low carrying costs due to Agricultural Exemption, and being located less than five miles from the renowned Lake Bridgeport. At a price point of only $18,024 per gross acre, the Site offers a rare opportunity to purchase prime development land with no existing zoning restrictions in place. Potential uses include, but are not limited to; mixed-use development, single family residential, industrial development, and commercial development. Additionally, Ownership would also consider selling either the northern (219.723+/- acres) or southern (238.007+/- acres) portion of the Site.
Click the following link to access our online due diligence vault: 458+/- Acre Development Site – Due Diligence Vault
A 2% co-broker fee is available to a third-party Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity.
Investment highlights
The Site is positioned for numerous development options since it is located on both the north and south side of US-380 with over 4,300 feet of highway frontage allowing for fantastic visibility and access. In addition to US-380, the Site has frontage along FM-1658 and FM-920.
Being less than 5 miles east of Lake Bridgeport the Site benefits from proximity to one of Wise County’s largest attractions for both entertainment and hospitality
The Site is within 2 miles from Brookshire’s Grocery, Wise Health System, First National Bank, as well as numerous retail, dining, and entertainment establishments in Bridgeport’s historic downtown area only a 5 minute drive from the Site
The Site is located in Wise County within the Bridgeport Extraterritorial Jurisdiction (ETJ) allowing for a variety of uses as there is no zoning in place.
According to the latest US Census estimates, Wise County has a population of just under 75,000 people, a 9.1% increase from 2020 and population growth continues to trend upward.
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