12901 Elam Rd

The property is located on the south side of Timothy Lane, just 2 blocks east of IH-635 in Balch Springs.  This area features almost 24,000 seniors 65+ in a 5-mile radius, which is forecasted to be just over 29,000 in 5 more years.   Elam Road is a 4-lane boulevard with raised median, but a median opening exists at the property.  Timothy Lane is 2-lane road. The city police-fire administration, city library, and city civic center are three buildings basically across the street, and the city has master planned the Elam road corridor for mixed urban uses. The site has 7.296 acres, perfect rectangular shape, and 430' of frontage on Timothy.   It is gently sloping with no FEMA flood plain.   Current zoning is multi-family and single family. City water and city sewer both nearby. ORIGINAL OFFERING WAS 9.2 ACRES AT THIS PRICE, BUT 7.296 ACRES SOLD AFTER BUYER REZONED FOR 34 SMALL SFR LOTS AND 42 TOWNHOME LOTS. SELLER GAVE EASEMENT FROM ELAM ALSO.