1216 I-30, Greenville, TX 75402 For Sale

Opportunity to acquire a 71-unit multifamily redevelopment project positioned along the highly visible Interstate 30 corridor in Greenville, Texas — a growing North Texas market benefiting from continued expansion from the Dallas-Fort Worth metroplex.

This asset is uniquely positioned for redevelopment, with city-approved plans already in place (fire alarm plans pending update) and the property fully stripped to studs, allowing an investor to move directly into construction while significantly reducing entitlement risk, demolition costs, and redevelopment timelines.

Investment Highlights

• De-Risked Redevelopment Opportunity – Plans approved, demolition completed, and site secured

• Strong Rental Fundamentals – Supported by CoStar data with average market rents approximately $1,220/unit

• Conservative Underwriting – Project underwritten at approximately $1,050 rents for downside protection

• Workforce Housing Demand – Positioned within a resilient, high-demand housing segment

• Limited New Supply – Minimal competing multifamily deliveries within the submarket

• Significant Basis Advantage – Existing infrastructure in place compared to ground-up construction costs

Property Details

Address: 1216 Interstate 30, Greenville, TX 75402

• Building Size: 88,131 SF

• Lot Size: 134,600 SF

• Stories: 2

• Year Built: 1983

• Zoning: Commercial / Multifamily

• Parking Ratio: 1.58 / 1,000 SF

• Construction Type: Exterior Corridor

Location Overview

Strategically located directly along Interstate 30, the property benefits from excellent accessibility, strong visibility, and proximity to retail, employment centers, and expanding residential growth corridors.

Greenville continues to experience increasing demand for affordable and workforce housing, making this project well-positioned for long-term multifamily investment and stabilization.