000 FM 551 Land/Development
  • Acres
    ~6.98 acAcres
  • Zoning
    NEIGHBORHOO…Zoning
  • City
    FateCity
  • State
    TXState

Description

000 FM 551 is an approximately 6.983-acre land offering on FM 551 in Fate, Texas. The sale brochure identifies Neighborhood Commercial zoning. The property gives a developer a defined starting point for planning a commercial project along FM 551.

The site has 245 feet of frontage on FM 551 and level topography. Frontage gives a future project a presence on the road, while the level terrain is relevant to early site planning. Neighborhood Commercial zoning establishes the land-use framework for a buyer’s concept; any specific plan still turns on its fit with that designation. Together, the acreage, frontage and topography warrant a closer look from developers considering how to lay out the site.

Fate is in Rockwall County, approximately 30 minutes east of downtown Dallas. The Property’s FM 551 position connects the site to the local road network, with Interstate 30 identified among the area’s major thoroughfares. The offering identifies residential growth around the Property, a useful backdrop for buyers planning a commercial project. Rockwall County is approximately 20 miles east of downtown Dallas along Interstate 30, placing this local development opportunity within reach of the broader Dallas area.

For a developer or land investor, the transaction centers on matching a site plan to the Property’s acreage, road frontage and Neighborhood Commercial zoning. The level parcel offers room to work through layout and access as the buyer develops a concept, without making the investment case depend on an existing building or tenant. Review the Offering Memorandum for a closer look at the Property.

Offering Summary

  • Asking Price
    Unpriced
  • Property Type
    Land/Development
  • Total Acres
    ~6.98 ac

Documents

Property Address

000 FM 551
Fate, TX 75132

Property Details

  • Property Type
    Land/Development
  • Acres
    6.98
  • Zoning
    NEIGHBORHOOD COMMERCIAL
  • Access Frontage
    245 feet on FM 551
  • APN
    26939

Deal Team

Karan Aulakh profile image

Karan Aulakh

Managing Broker
KARE Investment Sales & Leasing