0 Longbranch | Waxahachie, TX 75167
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0 Longbranch
Waxahachie, TX 75167
Longbranch Road - Waxahachie · Land For Sale · 90.00 AC
Investment Highlights
- Zoned "FD" Future Development by the City of Waxahachie, Texas.
- Nominal one (1) mile long frontage on both runway and Longbranch Road.
- Potential of negotiating ground lease acquisition with Mid-Way Regional Airport.
- Located between 6500' Commercial Runway and Longbranch Road.
- Utility easement along the east property line.
- Potential to become and active development partner with Mid-Way Regional Airport
Executive Summary
PROPERTY OVERVIEW
DEVELOPMENT/INVESTMENT PROPERTY: 90+/- acres of fortunately located pastureland with one (1) mile long frontage on both 6500' commercial airport runway and Longbranch road. Flexible zoning allows SF residential by right or Planned Development approved by City of Waxahachie. Potential use of innovative ground lease strategy to create a long term aviation related investment/development partnership with Mid-Way Regional Airport.
PROPERTY HIGHLIGHTS
Zoned "FD" Future Development by the City of Waxahachie, Texas.
Located between 6500' Commercial Runway and Longbranch Road.
Nominal one (1) mile long frontage on both runway and Longbranch Road.
Longbranch Road to be expanded to a four (4) lane thoroughfare and extended South to US 287 by the City of Waxahachie, Texas.
Utility easement along the east property line.
Potential of negotiating ground lease acquisition with Mid-Way Regional Airport.
Potential to become and active development partner with Mid-Way Regional Airport.
Current agricultural leases provide cash-flow and maintain Ellis County agriculture property tax status.
Best Value $PSF Commercial Land price in Ellis County (CoStar Listings 3/2021)
DEVELOPMENT/INVESTMENT PROPERTY: 90+/- acres of fortunately located pastureland with one (1) mile long frontage on both 6500' commercial airport runway and Longbranch road. Flexible zoning allows SF residential by right or Planned Development approved by City of Waxahachie. Potential use of innovative ground lease strategy to create a long term aviation related investment/development partnership with Mid-Way Regional Airport.
PROPERTY HIGHLIGHTS
Zoned "FD" Future Development by the City of Waxahachie, Texas.
Located between 6500' Commercial Runway and Longbranch Road.
Nominal one (1) mile long frontage on both runway and Longbranch Road.
Longbranch Road to be expanded to a four (4) lane thoroughfare and extended South to US 287 by the City of Waxahachie, Texas.
Utility easement along the east property line.
Potential of negotiating ground lease acquisition with Mid-Way Regional Airport.
Potential to become and active development partner with Mid-Way Regional Airport.
Current agricultural leases provide cash-flow and maintain Ellis County agriculture property tax status.
Best Value $PSF Commercial Land price in Ellis County (CoStar Listings 3/2021)
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 90.00 AC |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 90.00 AC |
1 Lot Available
Lot
| Price | £6,708,482 | Lot Size | 90.00 AC |
| Price Per AC | £74,539 |
| Price | £6,708,482 |
| Price Per AC | £74,539 |
| Lot Size | 90.00 AC |
DEVELOPMENT/INVESTMENT PROPERTY: 90+/- acres of fortunately located pastureland with one (1) mile long frontage on both 6500' commercial airport runway and Longbranch road.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £1,252,126 | Total Assessment | £1,252,126 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,252,126
Improvements Assessment
£0
Total Assessment
£1,252,126
zoning
| Zoning Code | Ag (Agricultural) |
| Ag (Agricultural) |
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