12901 Elam Road, Balch Springs

The property is located on the north side of Elam Road, just 2 blocks east of IH-635 in Balch Springs.  This area features almost 24,000 seniors 65+ in a 5-mile radius, which is forecasted to be just over 29,000 in 5 more years.   Elam Road is a 4-lane boulevard with raised median, but a median opening exists at the property.  The city police-fire administration, city library, and city civic center are three buildings basically across the street.  The site has 9.123 acres, perfect rectangular shape, and 429' of frontage on Elam Road.   It is gently sloping with no FEMA flood plain.   The frontage is zoned LR Local Retail, most of the balance is zoned MF-16 Multi-Family allowing 16 units per acre, and 2.5 acres is zoned Single Family.  Townhome development would be ideal with two double loads of 82-foot lots. City staff said if multi-family, they would prefer market rate MF and NO tax credit. City water and city sewer mains are both nearby.   Seller is motivated to get this sold.