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801 E FM-664 Road Red Oak, TX 75154
45.68 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Ovilla Oaks
MLS Listing ID 21403993
HOA Y/N None
Lot Size 45.682 Acres
Acres 45.682
Property Sub-Type Unimproved Land
Property Description
HE CASCADE DEVELOPMENT
Exceptional mixed use development opportunity consisting of approximately 45.642 acres within the Red Oak City Limits. Approximately 39.553 acres are planned for single family residential development with 53 lots, each with a minimum lot size of approximately 0.50 acre. An additional 6.089 acres are designated for commercial use and divided into 3 separate commercial lots. Property has been annexed into the City of Red Oak and re platted, with final plat completion anticipated upon issuance of required City permits. Construction documents are currently in the final stages of City approval. TxDOT has approved plans for new entrances, and Oncor has provided preliminary designs for transformer locations and underground electrical infrastructure. Property is represented as being located within a Targeted Employment Area that may provide potential EB5 investment opportunities, subject to independent verification. Site plans, plats, engineering documents, available City approvals, TxDOT plans, and Oncor preliminary plans are available for review. Buyer and Buyers Agent to independently verify acreage, zoning, lot count, development requirements, permits, utilities, approvals, and TEA and EB5 eligibility
Exceptional mixed use development opportunity consisting of approximately 45.642 acres within the Red Oak City Limits. Approximately 39.553 acres are planned for single family residential development with 53 lots, each with a minimum lot size of approximately 0.50 acre. An additional 6.089 acres are designated for commercial use and divided into 3 separate commercial lots. Property has been annexed into the City of Red Oak and re platted, with final plat completion anticipated upon issuance of required City permits. Construction documents are currently in the final stages of City approval. TxDOT has approved plans for new entrances, and Oncor has provided preliminary designs for transformer locations and underground electrical infrastructure. Property is represented as being located within a Targeted Employment Area that may provide potential EB5 investment opportunities, subject to independent verification. Site plans, plats, engineering documents, available City approvals, TxDOT plans, and Oncor preliminary plans are available for review. Buyer and Buyers Agent to independently verify acreage, zoning, lot count, development requirements, permits, utilities, approvals, and TEA and EB5 eligibility
Location
State TX
County Ellis
Zoning Commercial Development, Single Family Residence
Direction See GPS
Exterior
Utilities Available City Sewer, City Water
Garage No
Building
Lot Description Cleared, Landscaped
Schools
Elementary Schools Red Oak
Middle Schools Red Oak
High Schools Red Oak
School District Red Oak Isd
Others
Restrictions Development
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21403993
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Listed by Namrata Bhatt • RE/MAX DFW Associates