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Size: 182 Acres

182 Acres in Ennis, TX - $5,460,000

182 acres layed out for 811 lots. Approximately 80% are 50 by 115 and 20% are 40 by 115. No zoning or restrictions as property is in the County. Easy access to Highway 45 and commute to Dallas. Waster water treatment permit in process as well as MUD approval that will allow reimbursement of monies spent on streets, water/sewer and drainage. Off-site costs estimated at $27,000 per lot. Seller will retain 50% of MUD reimbursement and allow Buyer to have 50% of the reimbursement. Paper lots priced at $6723/lot plus and with 50% reimbursement to Buyer, lots should finish around 20k/lot after reimbursement to Buyer. No building permit fees (save approximately 2k/unit) or other impact fees you pay in a city.

Nice area with 400-500k homes in area. Good access to Hwy 45.

Palmer ISD.

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Directions

Take Hwy 45 to FM 879 and then to Shankle Road. Property is on North side of Shanke and adjacent (and to left of 1008) Shankle Road.

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(903) 307-7992
Listing last updated: June 4, 2022 at 7:45 PM
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