Multi-Family Site - 4.11 Acres Fallmeadow St

4.11 Acres of Residential Land Offered at $2,975,000 USD in Denton, TX 76207

Asking Price $2,975,000

Property Type: Land

Listing Contacts

Wayne Burgdorf

Verified Profile

Property Info

Property Overview

The property is located in north central Denton on Fallmeadow Street, ±2 miles from UNT & ±1.5 miles from TWU. There are a mix of single & multi-family properties in the immediate area of all ages including new apartments. Fallmeadow St. is a neighborhood artery. Nearby apartment rents and occupancies are very good. The land has 4.1149 acres per a 2022 survey. It is almost square with 409’ of frontage on Fallmeadow. The tract is unplatted, is gently sloping with few trees and no FEMA flood or creeks. It has no unusual easements per the Survey and reportedly all utilities. The tract is zoned R7 Residential which needs an SUP for apartments, and the Future Land Use Map shows “moderate residential” which is the most dense designation in the city. Prior development plan proposed 170 units. It is expandable with 6-10 more acres. Pricing herein is for 9% LIHTC, make any offer that works.

Property Details

Property Subtype: Residential/Multifamily

Highlights

Located in NW Denton where apartment rents and occupancies are strong
Clean site with 4.11 acres (expandable), almost square, level, no flood, all utilities
Well Suited for PFC or 9% LIHTC Development
Seller Will Give Time for Zoning
Contact [email protected]

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