Dallas, TX 75229,3201 Royal Lane
Dallas, TX 75229,3201 Royal Lane
Dallas, TX 75229,3201 Royal Lane
11
$1,250,000
Est.Price: ?

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0.5 Acres Lot

3201 Royal Lane Dallas, TX 75229

Est. payment /mo
SOLD DATE : 06/17/2024

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

Subdivision Webster Grove

MLS Listing ID 20537938

Year Built 1964

Annual Tax Amount $6,013

Lot Size 0.500 Acres

Property Description

This is one of the last hard-corner development sites along a major thoroughfare in N Dallas. Sitting at 0.50 acres, this site provides a unique opportunity to either build a new home, multi-family dwelling or seek rezoning to develop a commercial building that would match the opposing 3 corners of the intersection. High visibility with large daily traffic counts, est. at 40-55k CPD between both directions of Webb Chapel and of Royal as of 2019 counts. The current owner is preparing to seek rezoning but is open to sell prior to the start of that process. Commercial use is the assumed highest and best use for the property. Seller is willing to assist in the rezoning process with an LOI or option cont. in place.

Location

State TX

County Dallas

Zoning Currently zoned Single Family Residential SFR. Highest and best use would be commercial, multi-family/duplex is a possible use as well.

Exterior

Fence Wood

Utilities Available City Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter, Natural Gas Available, Overhead Utilities, Phone Available, Sewer Available, Sidewalk, Underground Utilities

Building

Lot Description Corner Lot, Level

Schools

Elementary Schools Degolyer

Middle Schools Marsh

High Schools White

School District Dallas Isd

Others

Acceptable Financing 1031 Exchange, Cash, Lease Option

Listing Terms 1031 Exchange, Cash, Lease Option

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Jason Landry • Brinkley Property Group LLC
Bought with Alexis Collard • Allie Beth Allman & Assoc.

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Tasha Bratton

Agent | License ID: 816054

+1(682) 263-3941

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