Tbd S 41st St, Corsicana, TX 75110

$1,165,000

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List Price
$1,165,000
MLS#
21360928
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Acres
23.60
County
Navarro
City
Corsicana
Subdivision
Corsicana

Property Description

Rare development opportunity in southwest Corsicana! This approximately 23.6-acre tract offers excellent potential for residential development with a convenient location near Navarro College, the Corsicana business district, shopping, dining, medical facilities, and major thoroughfares. The property is adjacent to established residential development and has access from surrounding residential streets, including Overlook Drive, S 41st Street, and S 42nd Street. A preliminary plat and development planning have previously been completed, with the property originally planned for approximately 93 single-family residential lots. The tract is currently zoned R-4 Single Family Residential, with municipal utilities available. Mostly open terrain and level to gently rolling topography provide favorable characteristics for future development, and FEMA data referenced in the appraisal shows no portion of the property within the mapped 100-year floodplain. With surrounding neighborhoods already in place and much of the early development groundwork completed, this property presents a compelling opportunity for a builder, developer, or investor looking for a sizable residential project in a growing area of Corsicana. Buyer to verify zoning, utilities, platting, development requirements, and intended use.

Additional Information

Unexempt Taxes
$4,765
Lot Size
1,028,103
Acres
23.60
Possession
CloseOfEscrow
Inclusions
Land Only

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Calculator source: Real Geeks

Listing courtesy of Katie Miller from Real Broker, LLC. Contact: 855-450-0442

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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