Description
Discover an unparalleled investment opportunity in Lindale, Texas. This expansive 129.54-acre parcel is positioned to capitalize on Lindales 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 districts 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: Lindales real estate market is robust, reflecting a healthy growth rate and substantial purchasing power among residents. The areas 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
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0BEDS
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129.54ACRES
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01/2 BATHS
School Ratings & Info
Description
Discover an unparalleled investment opportunity in Lindale, Texas. This expansive 129.54-acre parcel is positioned to capitalize on Lindales 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 districts 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: Lindales real estate market is robust, reflecting a healthy growth rate and substantial purchasing power among residents. The areas 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
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-10-06T00:28:53.79.