622 S Seven Pts Dr, Seven Points, TX 75143

8.3 acres off Seven Points Blvd. Close to Brookshires, restaurants, and Cedar Creek lake. Currently 3 acres zones commercial and 5.3 acres zoned multi family. City is willing to consider rezoning the the 3 acres to multi family. East side (backside)of property backs up to Wood Dr. Easy ingress and egress off Seven Points Blvd and Wood Dr. Topography is flat and has all utility and capacity. Site is in an opportunity zone and has DDA tax credits for development. The growth is headed to Seven Points from the North from Kemp and from the East from Gun Barrell City. Report has been run stating the city has a 400 unit shortage of apartments. Rents for complexes that are over 20 years old are averaging $1.50 per foot. Should be able to bring in 2 dollars per foot on a new complex. Seller is flexible and willing to give buyer time to get through city or partner with the right group or person.