TBD S Hwy 198 Highway $3,499,000


    TBD S Hwy 198 Highway Mabank, TX 75147

    • 134.00 Acres
    • Land
    • MLS# 14458716
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    Property Details

    Description Tours

    IN QUALIFIED FEDERAL OPPORTUNITY ZONE on busy FIVE-LANE state highway. HOT NEW MIXED-USE, COMMERCIAL LISTING, ripe for development. 134 acres in City of Mabank, back of property adjoins Gun Barrel City limits. 14 billboards on property. EXCELLENT Mabank schools. In same family for generations, this rare opportunity to own 134 acres of level, buildable land, 1 hour east of downtown Dallas, by booming Cedar Creek Lake. Currently leased for cattle. Two ponds on property. Many great uses, including senior living, restaurants, large residential development, retail. Near schools, Hwy 175, more. Across street from Tractor Supply, 2 minutes to Lowes, Walmart, etc. This incredible opportunity will not last!

    • General Features
      • Association Type None
      • County Or Parish Henderson
      • Development City Limits
      • Financing Proposed Cash,Conventional,Federal Land Bank,USDA
      • Planned Development The Pippin Place
      • Possession Closing/Funding,Lease Outstanding
      • Property Sub Type LND-Farm/Ranch
      • Property Type Lots & Acreage
      • Subdivision Name The Pippin Place
      • Unexempt Taxes $126
      • Utilities City Sewer, City Water, Concrete
      • Utilities Other City Electric,Electric
    • Building Features
      • Barn Information Barn(s)
      • Exterior Buildings Other
      • Exterior Features Private Outdoor Space,RV/ Boat Parking,Stable/Barn,Storage Building,Workshop
      • Frontage Feet 5
      • Number Of Water Meters 1
    • Property Features
      • Acres Cultivated 0.00
      • Acres Pasture 137.00
      • Crops Native
      • Fencing Barbed Wire
      • Lake Name Cedar Creek
      • Lot Features Acreage,Horses Permitted,Lrg. Backyard Grass,Pasture,Some Trees,Tank/ Pond
      • Lot Size 100
      • Lot Size Area 134.000
      • Lot Size Area SQFT 5837040.00
      • Lot Size Units Acres
      • Lots Sold Package 2
      • Number Of Lots 2
      • Soil Type Sandy Loam
      • Topography Flood Plain,Level
      • Waterfront Y/N 0
    • Schools
      • High School Name Mabank
      • Intermediate School Name Mabank
      • Junior High School Name Mabank
      • School District Mabank ISD
    • Additional Features
      • Zoning Agricultural,Mixed Zoning,Multi-Family,Residential,Resort,Retail,Rural Residential,Townhouse
      • Tax Legal Description ACRES: 63.500 LOT: TR 9 AB 794 G T WALTERS SU
      • Road Frontage Distance 1396
      • Subdivided Yn 0
      • Road Frontage City,Concrete,State
      • Surface Rights Other
      • Present Use Agriculture,Cattle,Residential Single
      • Road Assessment YN 0


    Lindsey Jensen

    Lindsey Jensen

    Dallas Operations Manager Agent

    ULTERRE Dallas

    Cell: 972-896-9333


    Market Last 30 Days In This Postal Code

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,499,000
        7/21/2021 10:33:23 AM Price Reduced Source: Multiple Listing Service New Value: $3,499,000 -0.03%
        7/9/2021 5:03:26 PM Status Changed Source: Multiple Listing Service New Value: Active
        6/30/2021 6:18:22 PM Status Changed Source: Multiple Listing Service New Value: Act Option Contract
        6/15/2021 9:33:21 AM Price Reduced Source: Multiple Listing Service New Value: $3,500,000 -12.48%
        5/19/2021 9:18:08 AM Price Reduced Source: Multiple Listing Service New Value: $3,999,000 -24.55%
        10/29/2020 12:04:00 PM New in Database Source: Multiple Listing Service New Value: $5,300,000

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        ©2021 North Texas Real Estate Information Systems, Inc. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, North Texas Real Estate Information Systems, Inc.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.