223 Paper Lots | Waxahachie, TX
Land | 73.78 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer home builders and developers the opportunity to acquire 223 single family paper lots (“the Site”) located along FM 878 in Waxahachie, TX. The 73.78+/- acre site is located one block east of Highway 287 and 4 miles from Interstate 35. Ownership’s preliminary construction plans reflect 223 single family lots, consisting of primarily 70’ x 120 lots; Ownership indicated these plans will need to be resubmitted to the city prior to starting development. Seller Financing available for select groups. Please call for additional details.
The Site is served by Waxahachie ISD, which holds an “A-” rating per Niche.com. This represents an exceptional opportunity to acquire entitled single family lots in a thriving DFW metroplex suburb at only $29,950 per paper lot.
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Due Diligence Vault - 223 Paper Lots | Waxahachie
A 1.5% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity. A third-party broker must identify their client upon initial contact with VREA.
Investment highlights
Strategic Location
The Site is in the southeast side of Waxahachie and strategically located less than half a mile from Highway 287 and approximately 4 miles from Interstate 35, providing direct connectively to the rest of the DFW Metroplex.
Approximately 2.5 miles north, Perry Homes is selling homes up to $657,900 in their Myrtle Creek Subdivision. Approximately 2 miles north, Bloomfield Homes is selling homes up to $674,52 in their Sunrise at Garden Valley subdivision.
The Site is served by Waxahachie ISD which has an “A-” rating per Niche.com.
Approximately 2.5 miles northwest of the Site, the intersection of Highway 287 and Highway 77 boasts numerous national retailers such as Wal-Mart, Home Depot, Target, and more.
Zoning
The Site is currently zoned in a Planned Development allowing for a minimum lot size of 70’ x 100’ and minimum home size of 2,000 square feet.
Ownership has preliminary construction plans for 223 single-family lots and has indicated these plans will need to be resubmitted to the city prior to development starting.
Purchaser to verify zoning and uses allowed on the Site.
Population and Demographics
According to the U.S. Census, the population of Waxahachie is approximately 49,769, growing 5.4 percent within the last 19 months.
Per the Texas Realtors, the Median Home Price in Waxahachie as of January 2025 was $382,000, a 3.3 percent increase year-over-year.
The Median Home Price per Square Foot in Waxahachie is $166.82 as of January 2025.
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