66.86+/- Acre Investment Tract Caddo Mills ETJ
Land | 66.86 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer investors and developers the opportunity to purchase 66.86+/- acres (the “Site”) located along FM 36 in the Caddo Mills ETJ. This Site directly fronts FM 36 with nearly 1,500' of frontage: a major thoroughfare serving Caddo Mills and the greater Hunt County area. FM 36 also connects the Site to Highway 66 (one mile south) and Interstate 30 (4.5 miles south).
Situated in the Caddo Mills ETJ, the Site benefits from no known zoning restrictions, providing flexibility for a wide range of uses. Caddo Mills is one of the fastest-growing communities in the DFW area, making this an outstanding opportunity for forward-thinking investors and developers looking to capitalize on the area’s continued expansion. At a price at only $38,139 per acre, this is an excellent value.
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Due Diligence Vault - 66.86+/- Acres Caddo Mills
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 Site has 1,490' of frontage on FM 36, approximately one mile north of Highway 66 and 4.5 miles north of Interstate 30.
The Site is 2.5 miles north of Trailstone, a DR Horton community with home prices up to $395K.
The Site is two miles north of Caddo Mills High School and less than half a mile north of Caddo Mills Middle School.
Zoning
Located in the Caddo Mills ETJ, the Site lends itself to a variety of uses as there is no zoning in place.
The Site has an Agricultural Exemption in place creating an extremely low taxable value, drastically reducing a purchasers overall carry cost, assuming they maintain the exemption.
Purchaser to verify zoning and uses allowed on the Site.
Population and Demographics
Per the US Census Bureau, Caddo Mills has 2023 population of 2,589 residents, a 115% increase in population from 2020.
Hunt County has a current population of approximately 113,347 as of 2023, an increase of 13.4% over from 2020 according to the U.S. Census Bureau.
The median home value in a 1-mile radius is $347,619.
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