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TBD Pritchard Road - SINGLE FAMILY DEVELOPMENT PROJECT - COMMERCE
16.61 Acres of Commercial Land in Commerce, TX 75428
Investment Highlights
- Great location for a housing development or an industrial warehouse. Close to downtown Commerce.
- City has Approved Residential Zoning for Single-Family Development
- For a complete list of all available properties, please visit our website at www.ridgepcre.com
Executive Summary
Property Facts
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 16.61 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 16.61 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 16.61 AC |
| Lot Size | 16.61 AC |
A prime 16.611-acre land ready for an industrial or residential development located in Commerce, TX. Currently zoned industrial. The owner has began the process to secure an approval from the city for a 63 lot residential development within the prope
Description
The City of Commerce is a close-knit town full of caring citizens, involved students, and a thriving entrepreneurial spirit. Commerce is located in the eastern part of North Texas and the middle of the Texas Blackland Prairies. It’s about 60 miles northeast of Dallas and 45 miles south of the Texas/Oklahoma border. Not far from Commerce is Dallas, the eighth most populous city in the country. Dallas has recently added 4,365 people to its population in 2023. The population growth in Dallas has caused home prices to increase and caused a shortage of homes available for first time home buyers. Dallas’s growth has also caused a spread out to suburban towns. Just over an hour and 13 min minutes from Dallas is the town of Commerce, located in Hunt County. Hunt County’s area is 882 square miles of which 840 square miles are land and 42 square miles are covered by water. Commerce is home to Texas A&M University- Commerce. Texas A&M University- Commerce has reported enrollment of ~11,000 this student year and is the fastest growing public university in Texas. The school awards $10 million annually in scholarships. Fall 2024 application numbers are up 15% from pre-pandemic levels. Just an hours drive to Plano and under two hours to Dallas, this location offers both accessibility and potential for growth.
PROPERTY TAXES
| Parcel Number | 21898 | Improvements Assessment | $0 CAD |
| Land Assessment | $358,897 CAD | Total Assessment | $358,897 CAD |
PROPERTY TAXES
zoning
| Zoning Code | Industrial (Currently zoned industrial) |
| Industrial (Currently zoned industrial) |
-
David English -
Bethany Williams -
Ridge Pointe Commercial Real Estate
Presented by
TBD Pritchard Road - SINGLE FAMILY DEVELOPMENT PROJECT - COMMERCE
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