985 S pea Ridge, Temple, TX 76502

This prime 7-acre parcel is situated at the strategic intersection of Pea Ridge Road and Traver in Temple, Texas. The property offers an excellent opportunity for immediate development, as it comes with an approved plat for the townhomes and is shovel-ready for construction to begin.

Location and Accessibility

The property benefits from its location in Temple, TX, a growing city in Central Texas with a population of approximately 66,025. Its position along Pea Ridge Road provides good accessibility and visibility. The site is conveniently located near the following amenities:

• Draughon Miller Airport: The property is directly across the highway from this local airport.

• N. Pea Ridge Road and Highway 36: The site faces these major thoroughfares, ensuring excellent connectivity.

Development Potential

This shovel-ready site presents a compelling opportunity for developers and investors:

• Approved Plat: The property comes with an approved plat for townhomes, significantly reducing the time and costs associated with the initial planning stages.

• Shovel-Ready Status: The site is fully prepared for immediate development, allowing for a quick start to construction.

• Townhome Development: The approved plat designates the land for townhome construction, catering to the growing demand for multi-family housing in the area.

Local Market Conditions

Temple, TX offers favorable conditions for real estate development:

• Growing Market: Temple's real estate market is active, with 128 homes sold in the past month.

• Affordable Land: Temple offers some of the most affordable industrial land in Central Texas, which may translate to competitive pricing for residential developments as well.

• Economic Growth: The city is experiencing economic development, with new corporate campuses and healthcare districts being established.

Infrastructure and Utilities

While specific details about on-site utilities are not provided in the search results, it's worth noting that Temple generally offers good infrastructure support for new developments:

• The Temple Economic Development Corporation emphasizes the availability of shovel-ready sites in the area.

• Typically, shovel-ready sites have access to necessary utilities such as water, sewer, and electricity.

Investment Potential

This property represents an attractive investment opportunity due to several factors:

• Immediate Development Potential: The shovel-ready status and approved plat allow for rapid project initiation.

• Growing Market: Temple's expanding population and economic development suggest a strong demand for housing.

• Strategic Location: The site's proximity to major roads and the airport enhances its appeal for potential residents.

This 7-acre property at the intersection of Pea Ridge Road and Traver in Temple, TX, offers a unique opportunity for immediate townhome development in a growing market. With its approved plat and shovel-ready status, it presents an attractive option for developers looking to capitalize on Temple's expanding real estate market.

Note : Plot approved for Multi-Family

Suitable and possible zoning change for commercial / C-Store