Ovilla Road Development SIte
±8.289 Acres | Divisible | Retail Zoning
Marketing description
SLJ Company, LLC (“SLJ”) has been exclusively retained to offer for sale this ±8.289-acre Ovilla Road Development Site, located in the southeast quadrant of E Ovilla Rd (FM 664) and Santa Rosa Dr in Glenn Heights, TX. The subject property offers high visibility, excellent access and exposure to high traffic counts and strong demographics. The Property is just one and a half miles from the fast growing Interstate 35E corridor in Ellis County, which makes it an excellent location for commercial development.
Investment highlights
EXCELLENT LOCATION: The Property enjoys a prime location on E Ovilla Rd, between Hampton Rd and Uhl Rd, in Glenn Heights, TX. The Property is just one and a half miles from Interstate 35E and offers high visibility and excellent access.
PRIME DEVELOPMENT SITE: The subject property consists of an approximately 8.289 acre tract in Glenn Heights’ Retail zoning district which allows a variety of retail, office, and service uses. Restaurants with or without drive-throughs are permitted with an SUP. A conceptual site plan has been completed accommodating three restaurant pad sites along the Ovilla Rd frontage and a larger site in the rear of the Property.
STRONG POPULATION GROWTH: From 2010 to 2020, the population within a 1 mile radius of the Property saw 63.46% growth. The population in that same area is expected to grow another 24.33% between 2022 and 2027. The surge in population density in the area makes this an ideal location for commercial development.
MANY AREA TRAFFIC DRIVERS: Retailers in close proximity include O’Reilly Auto Parts, Walmart, Starbucks, Brookshire’s, CVS Pharmacy, Walgreens, Ace Hardware, Family Dollar, Dollar General, McDonald’s, Racetrac and Walmart Neighborhood Market, among many others.
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