$1,250,000
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0.5 Acres Lot
SOLD DATE : 06/17/2024
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Webster Grove
MLS Listing ID 20537938
Sold Date 06/17/24
HOA Y/N None
Year Built 1964
Annual Tax Amount $6,013
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 150x158x150x139
Property Description
This is one of the last hard-corner development sites along a major thoroughfare in N Dallas. Sitting at 0.50 acres, this site provides a unique opportunity to either build a new home, multi-family dwelling or seek rezoning to develop a commercial building that would match the opposing 3 corners of the intersection. High visibility with large daily traffic counts, est. at 40-55k CPD between both directions of Webb Chapel and of Royal as of 2019 counts. The current owner is preparing to seek rezoning but is open to sell prior to the start of that process. Commercial use is the assumed highest and best use for the property. Seller is willing to assist in the rezoning process with an LOI or option cont. in place.
Location
State TX
County Dallas
Zoning Currently zoned Single Family Residential SFR. Highest and best use would be commercial, multi-family/duplex is a possible use as well.
Direction GPS Friendly. If 3201 Royal Ln does not come up, use 10811 Damon Ln (previous address for the property).
Exterior
Fence Wood
Utilities Available City Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter, Natural Gas Available, Overhead Utilities, Phone Available, Sewer Available, Sidewalk, Underground Utilities
Street Surface Concrete
Lot Frontage 150.0
Garage No
Building
Lot Description Corner Lot, Level
Schools
Elementary Schools Degolyer
Middle Schools Marsh
High Schools White
School District Dallas Isd
Others
Restrictions Building,Deed
Ownership See Tax Rolls
Acceptable Financing 1031 Exchange, Cash, Lease Option
Listing Terms 1031 Exchange, Cash, Lease Option
Financing Other
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©2024 North Texas Real Estate Information Systems.
Bought with Alexis Collard • Allie Beth Allman & Assoc.
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