PRICE REDUCTION - MOTIVATED SELLER - Zoned Residential / BFR Wrapping SW Corner of Elerson Rd & W Belt Line Rd

Highlights:

• PRICE REDUCED - MOTIVATED SELLER
• Well-located residential demand for Build-for-Rent or retail townhomes
• Commercial Corner is available as well, more info available upon request
• Prominent Frontage on the main thoroughfare along Belt Line Rd
• Residential land recently rezoned to SF-A for medium-density townhomes
• Desoto continues to see strong home price appreciation and low days on the market for new & vintage homes
• The site has easy access to major interstates to the east and west
• Only 16 miles from Downtown Dallas
• Dallas metro area is anticipated to see a 10.9% rent growth over the next 3 years according to John Burns
• Dallas is also projected to see 9.6% home price appreciation from 2025-2027 per JBREC
• All SVN® Offices Are Independently Owned & Operated
• Local Broker License Information: www.SFRhub.com/realestatelicensing

Description:

PRICE REDUCED - MOTIVATED SELLER

Contact:
TOM JOHNSTON
Managing Director | Designated Broker
SVN | SFRhub Marketplace
T: 602.441.5354
C: 602.403.3695
tom.johnston@svn.com
License #: BR507919000

BOR:
SVN | Trinity Advisors
Steve Fithian
License #: 0407418

Visit www.SFRhub.com and search for portfolio 101635 for more information.

The subject property has recently been rezoned to allow for the development of residential townhomes on 8.286 acres at the Desoto Springs Mixed-Use corner on the southwest corner of W Belt Line Rd and Elerson Rd in Desoto, Texas. The entire mixed-use site encompasses approximately 11 acres, with both commercial and residential land available. For more information about the available commercial corner, please inquire within.

This site offers builders flexible options, as it can be developed for Build For Rent Townhomes or For Sale Townhomes. The residential portion has received zoning approval for medium-density residential townhomes with SF-A zoning, allowing for 62 residential townhome lots with approximately 440 feet of frontage on W Belt Line Rd, wrapping around the hard commercial corner, and an additional 333 feet of frontage running south on Elerson Rd.

The immediate area provides convenient access to the greater Dallas/Fort Worth job market, with Interstate 67 a few miles west on Belt Line Rd and Interstate 35E a few miles east on Belt Line Rd. The subject property is only 16 miles from downtown Dallas. DeSoto hosts 29 public schools rated good or higher by GreatSchools. According to Realtor.com, the median listing home price in DeSoto, TX, was $440K, trending up 13.9% year-over-year. The median listing home price per square foot was $170, and the median home sold price was $355.3K.

Dallas, Texas, located in the north-central part of the state, is a vibrant and dynamic metropolis that serves as a major economic and cultural hub. Known for its rich history, diverse population, and thriving business environment, Dallas offers a unique blend of Southern hospitality and modern urban living.

Founded in 1841, Dallas has grown from a small trading post into a sprawling city with a population of over 1.3 million people. Its development was significantly influenced by the arrival of railroads in the late 19th century, transforming it into a major transportation and commerce center. The city's historical roots are preserved in landmarks such as the Dealey Plaza, the site of President John F. Kennedy's assassination, which draws numerous visitors each year.

Dallas is a powerhouse in various industries, including telecommunications, technology, finance, and healthcare. The city is home to the headquarters of several Fortune 500 companies, such as AT&T, ExxonMobil, and Southwest Airlines. The Dallas-Fort Worth metroplex boasts one of the largest concentrations of corporate headquarters in the United States, making it a pivotal area for business and innovation. The robust economy is supported by a skilled workforce and a business-friendly environment, attracting investment and fostering growth.

The cultural diversity in Dallas is one of its defining characteristics. The city is a melting pot of cultures, reflected in its wide array of dining options, festivals, and neighborhoods. Areas like Deep Ellum are renowned for their vibrant music scene, arts, and nightlife, while the Bishop Arts District is famous for its eclectic boutiques and galleries. Dallas hosts numerous cultural festivals throughout the year, celebrating everything from food and music to art and heritage.

Dallas is also recognized for its outstanding educational and medical institutions. The city is home to prestigious universities such as Southern Methodist University (SMU) and the University of Texas at Dallas, which contribute to a highly educated population. Additionally, the Texas Medical Center is a leading healthcare provider, offering cutting-edge medical services and research facilities.
The rental market in Dallas reflects its growth and desirability. As of 2023, the average rent for an apartment in Dallas is approximately $1,350 per month. This represents a significant increase over the past few years, driven by demand in popular neighborhoods like Uptown, Downtown, and Deep Ellum. One-bedroom apartments average around $1,200 per month, while two-bedroom units can reach $1,600 or more. The city’s rental market is competitive, with occupancy rates consistently above 90%, indicating a high demand for rental properties. New developments are continually being constructed to meet this demand, particularly in the downtown and surrounding urban areas, offering modern amenities and convenient access to the city’s business and cultural centers.

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