Listed by Team & Vasseur
$12,754,932
Prime Development Site - I-35 Frontage
Details
Property Type Land
Sub Type Commercial
Acreage 38.850
Land | 38.85 acres
Marketing description
Prime I-35 frontage (just south of intersection of Hwy. 114) in Northlake, Texas, with
12 Acres (+/-) “potentially useable” out of a 38 Acre (+/-) parcel. Property is surrounded
by tremendous growth and activity - being across the freeway from Tanger Outlet Mall,
Buc-ee’s and ¼ mile south of Texas Motor Speedway. This tract is in the ETJ of
Northlake, with available utilities and city’s recommended uses being retail/restaurant
with multi-family, hotels and office uses as well. This site is primed and ready for
annexation and development!
Investment highlights
- 38.85 Acres (+/-) total - majority in floodplain
- 6.4 Acres (+/-) on northern end developable with adjacent 5.6 Acres (+/-) developable thru reclamation (determined by an engineer with Kimley-Horn Engineers in Frisco) - for a total developable area of 12 Acres (+/-) (see enclosed plat)
- The site has I-35 frontage, exposure and access
- High growth corridor with retail, restaurants and multi-family surrounding subject site
- Traffic count: I-35 at SH 114 - 73,642 vehicles per day (+/-)
- Population/Northlake: 15,000 (+/-)
- Located 3 miles from Alliance Airport, 17 miles from DFW Airport, 20 miles from Downtown Fort Worth and 10 miles from Downtown Denton
- The adjacent 1.67 Acre (+/-) tract to the north is available for sale - asking $24.00 PSF (ideal for hotel/retail use)
- Subject price was determined as follows:
- 6.4 Acres on north end - developable
- 5.6 Acres adjacent - developable thru reclamation
- 23.8 remaining Acres - remain in floodplain
- https://www.dropbox.com/scl/fi/7fnb667wjaaxoekh94uoc/NorthlakeSite-1.mp4?rlkey=3b1ygygcgfl3ks0wb1f988qpa&e=1&st=7uqwhxmc&dl=0
Listing Contacts
Listed by Team & Vasseur
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