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- LoopNet Team
400 N Highway 67
Midlothian, TX 76065
Wal-Mart · Land For Sale · 1.41 AC
Investment Highlights
- BUSY WALMART SUPERCENTER PAD SITE WITH HWY 67 FRONTAGE
- BEST COMMERCIAL 1.41 ACRE PAD SITE IN BOOMING CITY OF MIDLOTIAN, TEXAS JUST SOUTH OF DALLAS COUNTY
- HIGH VISIBILITY, ACCESS AND TRAFFIC FROM WALMART SUPERCENTER, HWY 67, HWY 287 & BUSY MAIN ST.
PROPERTY FACTS
Description
DESCRIPTION: The crown jewel of Midlothian is now available for sale or ground lease. Midlothian is a booming city with 237% population growth just south of Dallas County. Amazing, one-of-a-kind, high-visibility, high-traffic, high-access 1.41 acre retail pad site. Located in front-center entrance of the busy Walmart Supercenter. This site also abuts the freeway-side entrance & exit of the Walmart Supercenter providing much added advantage. Remarkably, this site also directly fronts US Hwy 67 and has the most incredible & unobstructed visibility, access and traffic from astonishingly 3 major roadways: US Hwy 67, US Hwy 287 & busy Main St. Outstanding location for a freestanding restaurant, mixed use retail shopping center, medical, dental and other professional offices and much more. Any business at this spectacular location is bound to succeed considering the highly visible & accessible location of this property & high traffic count! Ready to build your successful freestanding restaurant, strip shopping center or office building? This is the BEST commercial pad site in the city of Midlothian. All utilities are available to site. ________________________________________ ZONING: The subject property falls within PD-24 which allows Community Retail (CR) - permitted uses include, but are not limited to, restaurants, general retail, dental, medical and other professional offices, beauty and barber shops, bakery, specialty shops, nursing care, daycare, and other uses. Please see Deed Restrictions regarding use and development. ________________________________________ STATS: Median Household Income: $105,700 Population Growth Rate: 237% (2000-2017) Population: 38,000 (2020) Traffic Counts: US Hwy 67: 30,817 VPD; US Hwy 287: 28,113 VPD; Main St.: 8,724 VPD ________________________________________ RECENT DEVELOPMENT NEWS IN MIDLOTHIAN NEAR THE SUBJECT SITE: • Google's $600 million, 375 Acres, Data Center Campus is built just west of the site • Over 7,000 additional single family lots planned in Midlothian within close proximity to the site • Hanover Property Company announced $950 million master-planned development in Midlothian • Methodist Health System has built a $175 million facility that is the centerpiece of a 67 acre campus. ________________________________________ STRONG RETAIL DEMAND AT & NEAR THE SUBJECT SITE: • 100% OCCUPANCY: “Midlothian Crossing” strip center anchors the Walmart Supercenter and is 100% occupied. Tenants include Legacy Dental, Peal Medical Clinic, Walton Way Family Medicine, Luxury Nail Spa, Cricket, Game Stop and a restaurant. Chase Bank, Starbucks and Taco Casa also anchor the Walmart Supercenter. • 100% OCCUPANCY: One exit to the south is the 14th St. exit, and the recently built shopping center there, namely "Midlothian Towne Crossing," is also 100% occupied. Tenants include Krogger, Ulta Beauty, Joann, Petco, Burkes Outlet, Wingstop, Great Clips, Mattress Firm, Martial Arts, Mod Pizza, Chillis, Ross, Jack in the Box, Supercuts, HotWorx, Edward Jones, Jersey Mike's, SweetFrog, Grand Nail & Spa, AT&T, Jimmy John's, Famous Footwear, McDonald’s, medical and dental offices, and several other restaurants, retailers and businesses. Aldi, Wendy's and Burger King are located across the street. Clearly, the above occupancy rates are strongly indicative of very successful development potential on the subject site with both Walmart Supercenter and direct US 67 Hwy frontage. ________________________________________ INFORMATION ABOUT THE CITY OF MIDLOTHIAN: Midlothian is one of the fastest growing communities in North Texas. While the city boasts a rich history in cement, steel and manufacturing, the last few years have seen unprecedented growth that has led to additional business expansion, a new business park, retail development and continuous homebuilding activity. This upscale community is drawing interest from near and far due to its convenient central location, efficient transportation network, high median household income and educational assets. Corporate residents include Gerdau, Martin Marietta, Ash Grove, Holcim, Applied LNG, Buckley Oil, Target Distribution, Toys “R” Us Distribution, QuikTrip Distribution and Courtyard by Marriott, among others. Additionally, Kroger anchors the city's new 53-acre Midlothian Towne Crossing development project by John Weber and Company. Midlothian Economic Development is committed to partnering with citizens and businesses to foster strategic alliances, stimulate economic growth and sustain a progressive environment. _________________________________________ Buyer and buyer's agent to verify all information.
PROPERTY TAXES
Parcel Number | 236977 | Improvements Assessment | £0 |
Land Assessment | £702,734 | Total Assessment | £702,734 |
PROPERTY TAXES
zoning
Zoning Code | Commercial (PD-24) (WIDE RANGE OF USES: restaurants, general retail, professional offices, banks, mortgage firms, beauty and barber shops, bakery, specialty shops & more.) |
Commercial (PD-24) (WIDE RANGE OF USES: restaurants, general retail, professional offices, banks, mortgage firms, beauty and barber shops, bakery, specialty shops & more.) |
Listing ID: 20891458
Date on Market: 08/09/2020
Last Updated:
Address: 400 N Highway 67, Midlothian, TX 76065
The Land Property at 400 N Highway 67, Midlothian, TX 76065 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.
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