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$1,700,000

2411 W Fm 813, Palmer, TX 75152

3 bd 3 ba 2,839 sq ft House · Built 1995

Price / sq ft$599
Lot9.00 acres
Built1995
Garage2-car
Stories2
SchoolsPalmer ISD
ElementaryPalmer
SubdivisionJ R Riggs
MLS #21424459
Est. $12,684/mo · 7.18% · 20% down What rate do you qualify for? Find out Own a home near Palmer?Free estimate from nearby sales, in 30 seconds. Estimate

About this home

This 9 acre tract is located in Ellis County along West FM 813, offering a rare combination of utility access, and development flexibility in a rapidly growing area of Ellis County. Positioned for multi-family development. The existing triplex and property layout are primed for additional units, with county location enabling streamlined approval process. Located on W FM 813 in Palmer, this property sits in a high growth pocket of Ellis County with strong fundamentals for multifamily development. The surrounding area benefits from proximity to Waxahachie's expanding employment and retail corridor, easy access to I-45, I-35E, and the broader Dallas Fort Worth metroplex while still offering the lower land costs and streamlined county level approvals that many developers seek. With limited existing multifamily inventory relative to population growth in southern Ellis County, the site is well positioned for additional units that can capture steady renter demand from families and workforce residents looking for quality housing outside the higher priced northern suburbs. Investment highlights: Utilities: Rockett water 16 line, septic, electric already available to the site. Zoning & Restrictions: Situated in the county with no deed restrictions, providing maximum flexibility for buyers giving the property more utility. Surroundings: Adjacent to subdivisions and multi-family developments, creating natural compatibility with residential and mixed-use development. Access: Current access is via W FM 813. Location on FM 813 with high traffic and demand for multi family. Growing residential demand in the Ellis County area. Strong potential for value-add through infrastructure upgrades. Centrally located between expanding Data Center projects in Red Oak and Palmer. All Info deemed reliable, not guaranteed by Seller or List Agent-Broker. Buyer & buyers agent to verify all Information including but not limited to schools SqFt measurements, features, condition, taxes, etc.

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Features

  • Inside: Other
  • Parking: Attached Carport, Additional Parking, Electric Gate, Garage

Where it is

Listing information comes from the North Texas Real Estate Information Systems (NTREIS) IDX program and is deemed reliable but not guaranteed. Price and status can change; the listing agent has the latest.