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615 N Saginaw - Saginaw Multi-Family Land

6.38 Acres of Residential Land Offered at £1,457,568 in Saginaw, TX 76179

Investment Highlights

  • Zoned MF-1 provides an expedited development timeline
  • Proximity to downtown Fort Worth and freeway access to greater DFW
  • Infill Multifamily property surrounded by residential and commercial uses

Executive Summary

Saginaw Multifamily Land Development opportunity located in Saginaw, Texas. The property is currently zoned MF-1 which allows for 18 units per acre density. This allows for immediate kickoff to development of a garden style apartment project or a townhome development. A similar site nearby is currently under construction for approximately 24 units per acre and was originally zoned MF-1. This site offers an opportunity for an expedited return.
The development site is conveniently located with quick access to Interstate 820 and within 10 miles to the downtown Fort Worth.
The property benefits from strong demographics, serving a five-mile radius population of approximately 204,000 residents and within a three-mile radius an average household income exceeding $100,000. Since 2006 the city has ranked among the top 25 fastest-growing cities in the country.
The Saginaw Multifamily Land Development provides an expedited opportunity to developed an apartment or townhome community in the top ranked DFW Metroplex.

Attachments

CB- 615 N Saginaw Blvd

Property Facts

Price £1,457,568 Property Type Land
Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 6.38 AC
Price £1,457,568
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 6.38 AC

1 Lot Available

Lot

Price £1,457,568 Lot Size 6.38 AC
Price Per AC £228,459
Price £1,457,568
Price Per AC £228,459
Lot Size 6.38 AC

Zoned/Entitled for MF-1: 18 units per acre density Land surrounded by residential and commercial uses This property benefits from Saginaws strong demographics which has ranked among the top 25 fastestgrowing cities for over the past 15 years

Description

Zoned/Entitled for MF-1: 18 units per acre density. Land surrounded by residential and commercial uses. This property benefits from Saginaw's strong demographics which has ranked among the top 25 fastest growing cities for over the past 15 years

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PROPERTY TAXES

Parcel Number 05942829 Improvements Assessment £0
Land Assessment £547,635 Total Assessment £547,635

PROPERTY TAXES

Parcel Number
05942829
Land Assessment
£547,635
Improvements Assessment
£0
Total Assessment
£547,635

zoning

Zoning Code MF-1 (Up to 18 units per acre allowed by right.)
MF-1 (Up to 18 units per acre allowed by right.)
(817) 737-5000 x113

  • Listing ID: 25725929

  • Date on Market: 17/05/2022

  • Last Updated:

  • Address: 615 N Saginaw, Saginaw, TX 76179

The Land Property at 615 N Saginaw, Saginaw, TX 76179 is currently available For Sale. Contact Ellis & Tinsley, Inc. for more information.

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615 N Saginaw - Saginaw Multi-Family Land
(817) 737-5000 x 113

615 N Saginaw - Saginaw Multi-Family Land

C.B. Team

(817) 737-5000

x113

(817) 737-5000 x113

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