15.6+/- Acre Development Opportunity Rockwall, TX
Land | 15.6 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to present the opportunity to acquire 15.6+/- acres with prime frontage along State Highway 205 in Rockwall, Texas (the “Site"). This Property is currently both Commercial and Agricultural zoned.
Its prime location along State Highway 205 offers excellent visibility and easy access, making it a highly desirable development Site. Demographics are extremely strong with an average traffic count of 23,417 VPD on SH-205, Rockwall’s population growing by 20%, and a 1-mile median household income of $104,729.
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Due Diligence Vault - 15.6+/- Acres Rockwall
A 2.5% co-broker fee is available to a 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 register their client upon initial contact with VREA.
Investment highlights
Strategic Location
· The 15.6+/- acre Site is strategically located 1.5 miles south of I-30 off of State Highway 205. The Site has approximately 600 feet of frontage along SH 205, one of the main north-south thoroughfares in Rockwall.
· The Site is adjacent to the future Master Planned Community, The Juniper, that was recently approved by the City of Rockwall for 885 new homes and commercial development.
· The Site is also adjacent to the Rockwall Indoor Sports Expo, a 100,000 square-foot recreational facility, and is approximately 1.3 miles south from Rockwall College and Career Academy.
Zoning
· The Site currently has a dual zoning with most of the Site zoned “Agriculture District” and a portion at the intersection of Rise Road and SH 205 zoned "Commercial District".
· The Commercial District zoning allows for development of most commercial uses such as retail, office, medical, hotel, restaurant. The Agriculture District allows for Single Family dwellings on no less than one acre.
· The City of Rockwall indicated they are open to modifying the existing zoning; the Site lends itself to a variety of uses due to excellent demographics, proximity to I-30, and frontage along SH 205.
· The Site has a future land use of Commercial per the Rockwall’s future land use map.
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