This investment property is located within a fast growing transit oriented development (TOD) area in the historic downtown Carrollton neighborhood. The vacant lot is within walking distance to the Dallas Rapid Transit north-south Green line station and soon to be additional east-west line to DFW, as well as the nearby historic downtown area. This area has aggressive growth with new apartments, restaurants, storefronts, and an upcoming brewery. The property has transit overlay zoning, allowing for flexibility and ready for development. Carrollton is a pro-growth-pro-development friendly town involved in downtown revitalization projects. Below is an excerpt from the City of Carrollton's website about the area: Dallas Area Rapid Transit’s (DART’s) Green Line arrived in Carrollton on December 6, 2010, ushering in a new era of tremendous opportunity – for developers, citizens, potential residents and businesses. Carrollton is a community looking to its future by reflecting on, and connecting with, its rich past. The rail lines that once carried cotton and grain through town now carry people to three new DART light rail stations. The stations link Carrollton directly to Dallas, other Metroplex cities, and the DFW Airport. Each station brings with it transit-oriented development (TOD) opportunities and new points of connection for residents, visitors and businesses. Carrollton’s downtown area is the only transit intersection in the Dallas-Fort Worth region capable of three or more transit lines outside of downtown Dallas in the foreseeable future, and as a result, is ripe for development, including real estate, commercial and investment opportunities. It’s also predicted that this station will be the fourth largest transportation hub after Downtown Dallas, Downtown Fort Worth and DFW Airport, making Carrollton a place that is truly poised to be “Where Connections Happen.” From DART's webpage: The 26-mile Cotton Belt Corridor extends between DFW Airport and Shiloh Road in Plano (see map below). The alignment traverses seven cities: Grapevine, Coppell, Dallas, Carrollton, Addison, Richardson and Plano. The Cotton Belt "Silver Line" Project's primary purpose is to provide passenger rail connections and service that will improve mobility, accessibility and system linkages to major employment, population and activity centers in the northern part of the DART Service Area. The Cotton Belt "Silver Line" Project would interface with three DART LRT lines: The Red/Orange Lines in Richardson/Plano, the Green Line in Carrollton and the Orange Line at DFW Airport. In addition, at DFW Airport, the project would connect to the Fort Worth Transportation Authority TEXRail Regional Rail Line to Fort Worth and provide access to the DFW Airport Skylink People Mover. Attached are photos of some of the development nearby and this vacant tract of land, which is adjacent to the new "silver" line and a short 5 minute walk to the "green" line station.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
