87+/- Townhome Lots (Paper or Finished) Mansfield, TX

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer home builders and developers the opportunity to acquire 87+/- townhome lots (the “Site”) located along South Mitchell Road in Mansfield, TX; Ownership’s preference is to sell paper lots but they would also be open to selling and developing finished lots. Ideally situated equidistant to Highway 287 and State Highway 360, the Site benefits from Planned Development Zoning, which allows for attached townhomes that would be conducive to “For Sale” or “For Rent” product. Ownership has a conditional preliminary plat that is pending city approval showing 87 townhome lots, with primarily 22’ x 80’ lot sizes. The Planned Development Zoning requires a minimum living area of 1,500 SF and rear entry garages. The Site is served by Mansfield ISD which has an "A" rating per Niche.com. This represents an exceptional opportunity to deliver a new residential offering in a thriving suburb of the DFW metroplex at a price of only $32,000 per paper lot or $82,000 per finished lot.

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