931 Matador LnMesquite, TX 75149

For Sale
$500,000

Prime 0.87-acre commercial lot, ready for development.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 0.869-acre commercial land parcel in Mesquite, Texas, presents a unique development opportunity. Located at 931 Matador Ln, 75149, within Dallas County, this property is zoned for commercial use and boasts pre-approved plans for a 10-unit multifamily project. All necessary city approvals are included in the sale, eliminating the time and expense associated with obtaining permits. This significantly streamlines the development process, allowing for immediate commencement of construction. The property's strategic location offers excellent potential for investors and developers seeking a high-return project. With an estimated total development cost of $2.5 million and a projected future value of $4.2 million at a 5.5% capitalization rate, this land represents a compelling investment opportunity in a growing market. The site's 0.869 acres provide ample space for the planned 10-unit complex, catering to the increasing demand for rental properties in the area. This turnkey opportunity allows developers to bypass lengthy permitting processes and focus on construction, maximizing efficiency and profitability. Act quickly to secure this exceptional investment.

Highlights

  • 0.869-acre commercial land parcel in Mesquite, TX (75149), Dallas County.
  • Zoned commercial with pre-approved plans for a 10-unit multifamily development.
  • All necessary city approvals included; permits already secured.
  • Estimated $2.5M development cost, projected $4.2M future value (5.5% cap rate).
  • Turnkey opportunity; immediate construction commencement possible.

Property Details for 931 Matador Ln

Property type
Other land, Land
Lot Size (sq. ft)
37,854 SF

Location Insight

City
Mesquite
County
Dallas
State
Texas
Latitude
32.771743804131
Longitude
-96.609729982968
931 Matador Ln, Mesquite, Texas

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931 Matador Ln
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