Overview

Description

Located in QCT for 4% LIHTC Development or Other Senior Housing. One Mile to Wal-Mart; Half Mile to Kroger; 4-5 Miles From HospitalsThis is in census 172.03, which is a HUD QCT. This area features almost 21,000 seniors 65+ in a 5-mile radius, which is forecasted to be just over 27,000 in 5 more years. Elam Road is a 4-lane boulevard with raised median, but a median opening exists at the property. The city police/fire administration, city library, and city civic center are three buildings basically across the street.
The site has 9.261 acres, perfect rectangular shape, and 429' of frontage on Elam Road. It is gently sloping with no FEMA floodplain and an older stock pond. The frontage is zoned LR Local Retail, most of the balance is zoned MF-16 Multi-Family allowing 16 units per acre, and 2.5 acres is zoned Single Family. City staff said they have enough tax credit product done or underway in town, but is open for market rate product especially if senior or with commercial on ground floor. City water and city sewer mains are both nearby.


The property is located on the north side of Elam Road, just 2 blocks east of IH-635 in Balch Springs.

Highlights

• Email Wayne.Burgdorf@svn.com to request comprehensive PDF brochure.

Documents

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