3 Acres for Sale Outside City Limits
Fate, TX
The Offering
Summary
- Address 196 FM 1138, Fate, TX
- Size 3 Acres
- Zoning None
- Flood Zone None
Property Description
This 3-acre tract is located just off the hard corner of FM 1138 and State Highway 66 with over 20,000 vehicles per day. The property features all utilities on-site including water, electric, and septic. Situated outside of city limits with no flood zone, the property is ready for development and would be suitable for a light industrial or flex space. Surrounding retailers include Exxon, Ponderosa Pet Resort, Pasturas Los Alazanes, and more. Contact the listing agent for more information.
Demographics
Fate, Texas is located in the east corner of Rockwall County and is just 34 miles east of Downtown Dallas. Fate has two major airports (DFW International Airport & Dallas Love Field) less than a hour away. The city of Fate has grown nearly 35 percent in the past decade. Residents have easy access to four area malls, two outlet malls, Uptown Dallas nightlife, close proximity to area colleges, and are also close to recreational facilities at Lake Ray Hubbard, Lavon Lake and Lake Tawakoni. Fate is just 10 miles from the Rockwall Harbor District. The Harbor District opened in 2005 and provides musical entertainment, festivals and weddings with more than 24 places to dine, shop and have fun. Located on Lake Ray Hubbard, one of the largest lakes in North Texas, visitors come from all over to see the gorgeous sunsets. Over 80,000 visitors come every year to shop, stay in the upscale Hilton Hotel, relax at the spas and dine at some of the finest restaurants in North Texas.
Rockwall County is located in the northeastern outlying sub-market of DFW, a regular target among retail investors in Dallas-Fort Worth. Helping drive population growth is excellent job growth of 19 percent from 2015 to 2020. Rockwall County was the third-fastest-growing county in the country during the last decade and its population has nearly doubled since 2000. Not far behind was Collin County, which ranked #13, growing more than 60 percent. The county was also ranked the #1 Richest County in Texas and one of the Top Five Best Places to Live in the Nation. Strong population growth coupled with tax incentives for development make Rockwall County an excellent choice for commercial investors.
Team
Brokerage Team
M&D Commercial offers a wide range of solutions to clients, including investor services, project leasing, tenant representation and commercial property management.
Whether you are looking to buy, sell or lease retail/office space, industrial property or land, we have you covered. M&D serves and has listings throughout the Dallas-Fort Worth Metroplex. Our highly knowledgeable team of experts and comprehensive service offering makes us well-positioned to meet the needs of all clients, whether you are purchasing, selling or leasing.
Why M&D? With M&D, you get a dedicated team of agents focused on personal attention. We answer the phone, period, and keep you constantly updated and informed on marketing reports, leads, offers and where we are with your property or search. We have in-house, cutting-edge, innovative marketing strategies, well-known throughout the region. Finally, our agents are consistently coached, quizzed and practitioners, at and of the highest level of negotiating strategy. When your property is on the table, you want an M&D Agent in the chair and on your side.
