2411 W Fm 813, Palmer, TX 75152

$1,700,000
3
BD
3
BA
2,839
SqFt

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List Price
$1,700,000
MLS#
21424459
Status
ACTIVE
Type
Single Family Residential
Subtype
Residential
Style
Detached
Year Built
1995
Bedrooms
3
Full Baths
2
Half Baths
1
Acres
9
Living Area
2,839
County
Ellis
City
Palmer
Subdivision
J R Riggs
Number of Stories
2
Architecture Style
Detached

Property Description

This 9 acre tract is located in Ellis County along West FM 813, offering a rare combination of utility access, and development flexibility in a rapidly growing area of Ellis County. Positioned for multi-family development. The existing triplex and property layout are primed for additional units, with county location enabling streamlined approval process. Located on W FM 813 in Palmer, this property sits in a high growth pocket of Ellis County with strong fundamentals for multifamily development. The surrounding area benefits from proximity to Waxahachie's expanding employment and retail corridor, easy access to I-45, I-35E, and the broader Dallas Fort Worth metroplex while still offering the lower land costs and streamlined county level approvals that many developers seek. With limited existing multifamily inventory relative to population growth in southern Ellis County, the site is well positioned for additional units that can capture steady renter demand from families and workforce residents looking for quality housing outside the higher priced northern suburbs. Investment highlights: Utilities: Rockett water 16 line, septic, electric already available to the site. Zoning & Restrictions: Situated in the county with no deed restrictions, providing maximum flexibility for buyers giving the property more utility. Surroundings: Adjacent to subdivisions and multi-family developments, creating natural compatibility with residential and mixed-use development. Access: Current access is via W FM 813. Location on FM 813 with high traffic and demand for multi family. Growing residential demand in the Ellis County area. Strong potential for value-add through infrastructure upgrades. Centrally located between expanding Data Center projects in Red Oak and Palmer. All Info deemed reliable, not guaranteed by Seller or List Agent-Broker. Buyer & buyers agent to verify all Information including but not limited to schools SqFt measurements, features, condition, taxes, etc.

Additional Information

Unexempt Taxes
$5,517
Lot Size
392,040
Acres
9
Interior Features
Other
Stories
2
Pool Features
None
Garage Spaces
2
Carport Spaces
2
Parking Garage
Attached, Additional Parking, Electric Gate, Garage
School District
Palmer Isd
Elementary School
Palmer
Middle School
Palmer
High School
Palmer
Possession
CloseOfEscrow, Negotiable

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Listing courtesy of William Sanders from Tero Real Estate. Contact:

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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