Dallas MSA Land - $121K Income | 30% Growth
RealINSIGHT Marketplace Online Auction September 14-16, 2020
±31,621 Vehicles Passing Daily on Hwy 78
Shadowed by Walmart Supercenter, LA Fitness and other retail tenants on adjacent parcels
Well-positioned within a densely populated affluent market with ±200K people, median home value of $279,973 and an average household income of $121,301 within a 5-mile radius
50% population growth within 1-mile and 30% growth within 5-mile radius from 2010-2020
Zoned C-1 (Neighborhood Shopping District) with very permissible uses - Retail, Restaurant, Gen. Office and Medical
CBRE and RealINSIGHT are pleased to present a commercial land opportunity (“Property”) consisting of 7.16 acres in Sachse, Texas within the Dallas metroplex. This offering provides the opportunity to develop an extremely well-located asset within a growing market with double-digit growth in the last ten years.
The tracts consist of 7.16 acres on two adjacent parcels on Hwy 78, the primary retail corridor and connector to other major thoroughfares in the area such as the President George Bush Turnpike offering direct access to downtown Dallas. The Property's location offers excellent visibility and access and benefits from approximately 31,621 vehicles per day along the busy highway. The Property is currently zoned C-1, Neighborhood Shopping District and allows for very permissible uses including retail, restaurant, general office and medical office.
The properties are conveniently located off Texas State Highway 78 in a high-growth residential neighborhood and part of a growing retail corridor and across the street from a Walmart Supercenter, adjacent to LA Fitness and nearby several local retailers. The location is supported by a robust customer base in a densely populated residential area with 381-Unit Olympus Woodbridge across the street and Woodbridge Golf Community directly behind the Property. Woodbridge consists of multiple residential neighborhoods with homes ranging from $150'S to the $500S. From 2010-2020, the area around the property experienced explosive growth with a 50% population increase within 1-mile and 30% increase within 5-mile radius. Double-digit growth is expected to continue during the next five years.
The city of Sachse is a suburban community in Collin County and situated approximately 20 miles northeast of downtown Dallas. The Property is in a densely populated residential area and benefits from compelling demographics. In 2020, the Property had approximately ±203,119 individuals residing within a five-mile radius with an average household income of ±$121,301. Additionally, within a 5-mile radius of the Property annual total specified consumer spending exceeded $2.2 Billion.
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