200 E Fate Main Pl, Fate, TX 75132

$2,500,000

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List Price
$2,500,000
MLS#
21382861
Status
ACTIVE
Type
Land
Subtype
Land
Acres
1.08
County
Rockwall
City
Fate
Subdivision
HORIZON PLACE

Property Description

Prime mixed use development opportunity in Downtown Fate, TX. Property offered for 2.5M with seller also open to a potential development partnership with a qualified builder or developer. Under a partnership structure, seller's contribution would be the land, with builder or developer responsible for development and construction investment, subject to mutually agreed upon terms. Plans have been developed for a mixed use project featuring ground floor retail with residential apartments above. Seller represents that permits for the proposed development have already been approved by the City of Fate. Excellent opportunity to acquire the property outright or partner with the landowner to bring an already planned Downtown Fate project to life. Contact listing agent for plans, permit information and partnership details. Buyer and buyer's agent to independently verify zoning, permits, approvals, development requirements, utilities and all information.

Additional Information

Unexempt Taxes
$7,911
Lot Size
46,827
Acres
1.08
Lot Description
Corner Lot
School District
Royse City Isd
Elementary School
Vernon
Middle School
Bobby Summers
High School
Royse City
Possession
CloseOfEscrow
Proposed Use
Commercial, Multi-Family, Mixed Use, Retail
Community Features
Sidewalks

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Evelyn Yanez from Monument Realty. Contact: 214-264-4272

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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