Mesquite Mixed-Use Land For Sale - 4737 Gus Thomasson Rd. Mesquite, TX in 4737 Gus Thomasson Rd, Mesquite, TX 75150, USA | Land for Sale
About the property
Description
Great opportunity for developers!
2.20 Acre of Mixed-Use Commercial Land
Located about 2 miles from the Town East Mall area with various new apartments.
CallisonRTKL Architecture firm did a feasibility study in 2019 showing up to 84 apartments and 14,400SF of retail can be built.
This 2.2-acre parcel at 4737 Gus Thomasson Road is GR (General Retail) zoned commercial land in the City of Mesquite, situated within the Gus Thomasson Road corridor that the City has identified as a priority redevelopment area. GR is one of Mesquite’s most permissive commercial districts, supporting retail, restaurant, multifamily residential, medical office, and mixed-use development. The site is approximately 2 miles southwest of Town East Mall, in a submarket that has seen consistent multifamily development activity in recent years. A 2019 CallisonRTKL architectural study identified the potential for up to 84 apartment units and 14,400 SF of ground-floor retail on this site under the zoning in place at that time. Prospective developers should treat the 2019 study as a conceptual starting point and conduct independent feasibility analysis given material changes in construction costs, multifamily cap rates, and the residential absorption environment since that study was prepared. The City of Mesquite has historically supported commercial and residential development activity along Gus Thomasson Road and has indicated openness to a range of uses. Prospective buyers interested in municipal incentive programs, grant availability, or city-facilitated development cooperation should contact the Mesquite Economic Development Corporation directly at the time of due diligence. The asking price is $799,998. Seller financing is available with a substantial down payment for qualified buyers.
Contact Joseph Gozlan at (903) 600-0616 or Joseph@EBGTexas.com to request the current property package, including the 2019 feasibility study and any updated city correspondence.
For a complete list of all available properties, please visit www.ebgtx.com
Description
Great opportunity for developers!
2.20 Acre of Mixed-Use Commercial Land
Located about 2 miles from the Town East Mall area with various new apartments.
CallisonRTKL Architecture firm did a feasibility study in 2019 showing up to 84 apartments and 14,400SF of retail can be built.
This 2.2-acre parcel at 4737 Gus Thomasson Road is GR (General Retail) zoned commercial land in the City of Mesquite, situated within the Gus Thomasson Road corridor that the City has identified as a priority redevelopment area. GR is one of Mesquite’s most permissive commercial districts, supporting retail, restaurant, multifamily residential, medical office, and mixed-use development. The site is approximately 2 miles southwest of Town East Mall, in a submarket that has seen consistent multifamily development activity in recent years. A 2019 CallisonRTKL architectural study identified the potential for up to 84 apartment units and 14,400 SF of ground-floor retail on this site under the zoning in place at that time. Prospective developers should treat the 2019 study as a conceptual starting point and conduct independent feasibility analysis given material changes in construction costs, multifamily cap rates, and the residential absorption environment since that study was prepared. The City of Mesquite has historically supported commercial and residential development activity along Gus Thomasson Road and has indicated openness to a range of uses. Prospective buyers interested in municipal incentive programs, grant availability, or city-facilitated development cooperation should contact the Mesquite Economic Development Corporation directly at the time of due diligence. The asking price is $799,998. Seller financing is available with a substantial down payment for qualified buyers.
Contact Joseph Gozlan at (903) 600-0616 or Joseph@EBGTexas.com to request the current property package, including the 2019 feasibility study and any updated city correspondence.
For a complete list of all available properties, please visit www.ebgtx.com
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