8.5 Acres Lot
8.5 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Terrell Rev
MLS Listing ID 20895376
Annual Tax Amount $3,579
Lot Size 8.500 Acres
Acres 8.5
Property Sub-Type Unimproved Land
Property Description
The site plan has been FULLY APPROVED by the City of Terrell. The Development Agreement is available upon request, along with the plat, GEO report and Civil Engineering. This site is SHOVEL READY with all utilities and infrastructure in place to easily tie into. The City is offering TIRZ to reimburse the developers cost to bring utilities to each homesite, and put in the road.
Highlights in the DA specify the following details... Cost for utilities would fall under impact fees within the development agreement which is intact. The city will be funding the majority of the infrastructure costs, reimbursing the developer through TIRZ. In consideration of the Eason Street improvements, The City of Terrell agrees to credit one hundred percent (l00%) of the Transportation Roadway Impact Fees. The City of Terrell also agrees to provide an amount equal to, for each residence with a homestead exemption, three (3) years of seventy-five percent (75%) of reimbursement of maintenance and operation property taxes.
Please contact listing agent for additional information.
Location
State TX
County Kaufman
Zoning Fully Approved Residential Development for 36 SFR units. TIRZ available to developer to reimburse for improvements, including road, Water Sewer available to tie into in site. Oncor to bring power lines to each SFR unit.
Direction Follow GPS to Eason St and West End St in Terrell, continue on Eason St to real estate sign located on clear lots. Call agent with any inquiries
Exterior
Utilities Available City Sewer, City Water, Electricity Available, See Remarks
Garage No
Building
Lot Description Acreage, Cleared, Other, Subdivision
Others
Ownership See tax record, ask agent
Special Listing Condition Aerial Photo, Survey Available
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20895376
GET MORE INFORMATION
REALTOR® | Lic# 577366