Longbranch Rd Waxahachie TX 76065

Investment Overview

DEVELOPMENT/INVESTMENT PROPERTY: 90+/- acres of fortunately located pastureland with one (1) mile long frontage on both 6500' commercial airport runway and Longbranch road. Flexible zoning allows SF residential by right or Planned Development approved by City of Waxahachie. Potential use of innovative ground lease strategy to create a long term aviation related investment/development partnership with Mid-Way Regional Airport.

Area Overview

DEVELOPMENT/INVESTMENT PROPERTY: 90+/- acres of fortunately located pastureland with one (1) mile long frontage on both 6500' commercial airport runway and Longbranch road. Flexible zoning allows SF residential by right or Planned Development approved by City of Waxahachie. Potential use of innovative ground lease strategy to create a long term aviation related investment/development partnership with Mid-Way Regional Airport.

Highlights

• Zoned "FD" Future Development by the City of Waxahachie, Texas.
• Located between 6500' Commercial Runway and Longbranch Road.
• Nominal one (1) mile long frontage on both runway and Longbranch Road.
• Longbranch Road to be expanded to a four (4) lane thoroughfare and extended South to US 287 by the City of Waxahachie, Texas.
• Utility easement along the east property line. Potential of negotiating ground lease acquisition with Mid-Way Regional Airport. .
• Potential to become and active development partner with Mid-Way Regional Airport.
• Current agricultural leases provide cash-flow and maintain Ellis County agriculture property tax status.
• Best Value $PSF Commercial Land price in Ellis County (CoStar Listings 3/202