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32634880
32634878

0 Griffith Avenue, Terrell, TX 75160

LN
TX TX 792356, TX 792356
Coldwell Banker Universal
BB
TX tx 528145, TX
Coldwell Banker Universal
Listed by Coldwell Banker Universal
$1,460,000
21 days on market
Updated 21 days ago

0 Griffith Avenue

Details
Property Type Land
Sub Type Commercial
Square Footage 3,000
Acreage 13.398

0 Griffith Avenue, Terrell, TX 75160

Marketing description

This is a fully packaged, turnkey development opportunity being offered to a qualified developer ready to capitalize on one of the most strategically advantaged residential projects in Kaufman County. The groundwork has already been done — a signed Development Agreement with the City of Terrell is in place, significant fee reductions have been negotiated, all necessary approvals have been obtained, and a comprehensive document package is included — so the incoming developer can focus entirely on building and selling. A fee of $7,250 has to be paid by buyer as a construction plat fee. Minimum home size of 3,000 sq ft A/C. The sale conveys all rights, entitlements, and agreements associated with the project. This is a defined, de-risked, and high-return opportunity that rarely comes to market at this stage of readiness.

H-E-B has just bought 91 acres in the same corridor of subject property. Multifamily is coming there as well. This land is set in the vibrant city of Terrell, TX. This approved location offers an exceptional opportunity for developers interested in building residential homes. With approval for 28 homes, this prime site is perfectly situated to meet the growing demand for housing in the area. Take advantage of the community's dedication to local economic development and the convenience of nearby amenities such as the Tanger Outlets and local dining options. The location's accessibility to Interstate 20 further enhances its appeal, making it an ideal setting to create a new residential community. This is your chance to bring 28 new homes to life in a thriving and promising neighborhood, contributing to the city's ongoing growth and development.

Investment highlights

  • Fully Entitled & Permitted— Development Agreement already signed with the City of Terrell
  • All Approvals Secured — No entitlement risk, no delays, no surprises
  • Complete Document Package Included — Civil plans, grading plans, soil test, topo, tree & stakes surveys
  • Final Plans & City Approval Guaranteed — Seller committed to delivering before closing
  • Maximum Flexibility — Build independently or collaborate on home design and construction
  • Significant Fee Savings — $750,000 in impact fee reductions already negotiated
  • Tax Incentives in Place — 50% property tax exemption for 3 years per home built goes back to developer
  • Zero Competition — Only luxury gated community in Terrell
  • Premium Location — Downtown Terrell, the most in-demand residential area in Kaufman County
  • Scenic Lake Views — Natural amenity that drives buyer demand and premium pricing
  • City Assumes Street Maintenance — Long-term cost burden off the developer

Listing Contacts

LN
TX TX 792356, TX 792356
Coldwell Banker Universal
BB
TX tx 528145, TX
Coldwell Banker Universal
Listed by Coldwell Banker Universal

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Additional Information

Name
Lana Nimri
License
TX 792356
Brokerage
Coldwell banker- Commercial Universal
Brokerage Phone
8324040412
Title
Commercial Broker
Brokerage Address
1900 North Loop West Freeway
Name
Bridgett Badillo
License
tx 528145
Brokerage
Coldwell banker universal
Title
Broker Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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