1497 J Elmer Weaver FwyCedar Hill, TX 75104

Property Details for 1497 J Elmer Weaver Fwy

Lot size

8.56 AC

Property type

Land

Description

This exceptional 8.557-acre land parcel in Cedar Hill, Texas, presents a prime opportunity for active adult development. Located at 1497 N J Elmer Weaver Fwy, Cedar Hill, TX 75104, this site is zoned through Ordinance 2022-755 for 182+ units of 55+ age-restricted retirement housing. Complete architectural and engineering plans for a 182-unit, three-story community will be conveyed to the buyer at closing, along with existing third-party reports. The seller will complete the preliminary plat before closing. The property boasts a strategic location at the northwest quadrant of W. Wintergreen Road and US Highway 67, offering convenient access to major roadways including I-20, I-35, and I-30, placing it within easy reach of the Dallas-Fort Worth Metroplex. Nearby amenities include national retailers, restaurants, and the Methodist Charleston Medical Center. The land is priced at $4,325,000, or $11.60 per square foot. Note that the buyer will be responsible for constructing estimated $1 million in stormwater drainage improvements, and permitting is contingent on a separate permit for 6,000 square feet of retail space. Potential buyers should conduct their own due diligence regarding zoning, permitting, and unit count. The APN is 65108604010030000, 65108604010020000, 65108604010010000. Cedar Hill's population growth (1.31% from 2020-2021) and rising home prices (18.8% year-over-year increase in March 2024) indicate a strong market for this type of development. Comparable active adult rentals within a 15-mile radius achieve market rents up to $2.21 per square foot.

Location Insight

City

Cedar Hill

County

Dallas

State

Texas

Latitude

32.6189

Longitude

-96.9167

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