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Discover an unparalleled investment opportunity in Lindale, Texas. This expansive 129.54-acre parcel is positioned to capitalize on Lindale's flourishing community and exceptional school district. Priced competitively at $2,300,000, this property offers significant potential for residential development. Key Features: "¢ Size: 129.54 acres "¢ Utilities: Water, sewer, and electricity available at the road "¢ Location: Convenient access to local amenities and major roadways Exceptional School District: Lindale Independent School District (Lindale ISD) is recognized as one of the top-performing districts in Texas. With a ranking in the top 5% statewide, Lindale ISD boasts impressive academic performance metrics: "¢ Math Proficiency: 73% "¢ Reading Proficiency: 74% "¢ Science Proficiency: 71% "¢ Graduation Rate: 99% These achievements highlight the district's commitment to educational excellence, making this property ideal for families seeking quality education for their children. Demographic and Economic Highlights: The local community is characterized by demographics with a strong professional employment base. Key economic indicators include: "¢ Average Household Income: $111,687 "¢ Disposable Income: $86,455 "¢ Unemployment Rate: 3.4%, below the national average These factors contribute to a vibrant local economy, bolstered by a high homeownership rate of 84.4%. Real Estate Market Analysis: Lindale's real estate market is robust, reflecting a healthy growth rate and substantial purchasing power among residents. The area's population has grown by 8.27% since the last census, underscoring its appeal as an attractive place to live. The median home value, currently at $315,220, has seen slight recent adjustments, presenting an opportune moment for investors to enter the market. Residential Development Potential: This expansive parcel is apt for residential development: "¢ Subdivision Development: The property is ideal for creating a new residential subdivision. With
| DAYS ON MARKET | 45 | LAST UPDATED | 10/8/2024 |
|---|---|---|---|
| TRACT | none | YEAR BUILT | 0 |
| COUNTY | Smith | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| Elementary School | Lindale |
|---|---|
| Jr. High School | Lindale |
| High School | Lindale |
| ADDITIONAL DETAILS | |
| LOT | 129.54 acre(s) |
|---|---|
| SUBDIVISION | none |
| WATER | Public, Well, Private |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Jarrod Ver Hey, Staples Commercial Group, LLC
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