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I-30 & Horizon Rd - 1.021 Acres

1.02 Acres of Commercial Land Offered at £1,251,920 in Rockwall, TX 75087

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Investment Highlights

Highly visible I-30 Frontage at Horizon Rd
Build up to 8 stories high
Fully approved site plan for 3100 SF restaurant with 1800 SF rooftop patio

Highest elevation in Rockwall Harbor hillside, with panoramic lake views
PD-32 approves restaurant, retail, office, medical, mixed use
Rockwall County is the #2 fastest growing county in the nation

Executive Summary

The Rockwall Harbor District is the central commercial business district for Rockwall County. It is highly visible traveling eastbound on I-30 across Lake Ray Hubbard. This site is perched on the hillside overlooking pristine sunset views of the downtown Dallas skyline across the lake. This is located on the hard corner of I-30 frontage and Horizon Rd, the first exit after crossing the bridge across Lake Ray Hubbard. The site is poised on the highest elevation on the Rockwall Harbor District Hillside with stunning panoramic lake views of Lake Ray Hubbard, with the Downtown Dallas Skyline in the distant vista. This is the perfect location for an iconic development in Rockwall County's central commercial business district.
Recent I-30 expansion projects, and other development in the area, including Jimmy Buffet's Margaritaville on Lake Ray Hubbard, further establish Rockwall as a destination hub and central business district. Currently being delivered and future planned development in the area includes the addition of a total of 2700 luxury apartments, condos, townhomes giving this site very high foot traffic and density needed to support a robust restaurant, retail, office, medical, mixed use development.
The Rockwall Harbor District is a dining, retail and entertainment destination hub for the 5 surrounding counties. The Harbor complex includes The Hilton on the Harbor, AMC movie theater, and many popular dining and entertainment options. Rockwall is an affluent east Dallas SubMarket, and ranks #4 in Money's 2020 Best Places to Live in the U.S. It boasts a higher than average household income with 4 times the average net worth. And has recently been named the #2 fastest growing county in the nation.
Seller has a current survey, and fully approved site plan for a 3100 SF restaurant concept with an 1800 SF patio approved on the site. According to The City of Rockwall, PD-32, this site is approved for restaurant, retail, mixed use, office, medical, etc. And you can build up to 8 stories tall.
After 5pm the parking garage of Trend Tower is open for overflow public parking for the Harbor District. The robust mix of new luxury apartments, condos, and townhomes being delivered, in addition to the Hilton Hotel, the Tru by Hilton, and other hospitality in the vicinity, his walkable neighborhood, is a very highly coveted spot in Rockwall County's premier commercial business district, for developers and end users alike.

City of Rockwall - PD-032 (1) - pg 48 - Site Specific Building Specs

I-30 Frontage Highlited Plat

Property Facts

Price	£1,251,920	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Office Mixed Use Hospitality Hospital Medical Restaurant Storefront, Retail or Office
No. Lots	1	Total Lot Size	1.02 AC
Property Type	Land

Price	£1,251,920
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Hospitality Hospital Medical Restaurant Storefront, Retail or Office
Total Lot Size	1.02 AC

1 Lot Available

Lot

Price	£1,251,920	Lot Size	1.02 AC
Price Per AC	£1,227,373

Price	£1,251,920
Price Per AC	£1,227,373
Lot Size	1.02 AC

I-30 Frontage at Horizon Rd, highly visible, premium hard corner at the highest elevation in the Rockwall Harbor District. Panoramic lake views of Lake Ray Hubbard. 30-minutes east of Downtown Dallas, in the 2nd fastest growing County in the nation.

Description

Do not miss this incredible and unique opportunity. Highly coveted position at highest elevation with panoramic sunset lake views of pristine Lake Ray Hubbard in Rockwall County, the 2nd fastest growing county in the nation! Highly sought after, affluent demographic. Second wealthiest county in the nation, which individual net worth 4 times the national average. Density rich, high foot traffic location with over 27000 luxury apartments, condos, townhomes, Hilton Harbor Lakefront Hotel and conference center. Site has been cleared, no trees or topography to mitigate. Highly visible, with I-30 frontage, at the very first exist in the Rockwall County, just 30-minutes east of downtown Dallas.

PROPERTY TAXES

Parcel Number	51181	Improvements Assessment	£770,288
Land Assessment	£682,983	Total Assessment	£1,453,271

PROPERTY TAXES

Parcel Number

51181

Land Assessment

£682,983

Improvements Assessment

£770,288

Total Assessment

£1,453,271

zoning

Zoning Code	Commercial (PD-32 Zoned for restaurant, retail, mixed us, office, medical, hospitality. Can build up to 5-stories high, with panoramic lake views.)
Commercial (PD-32 Zoned for restaurant, retail, mixed us, office, medical, hospitality. Can build up to 5-stories high, with panoramic lake views.)