Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the exclusive offering of the Weatherford Townhome Finished Lots located 514 North Mill Street, in Weatherford, Texas. The property offers 185 build ready lots on 9.28 acres with all the horizontal development complete. The community will encompass 68 total buildings and includes single, triplex and quadplex designs with an average unit size of 1,698. Residents will enjoy views of downtown, a dog park, and a walkable path around the community. Weatherford real estate has appreciated 70.9% over the last ten years, putting Weatherford in the top 20% nationally for real estate appreciation. With 40% of the population renting, rental units are in very short supply driving lease rates up. The City of Weatherford is slow to approve multi-family development. Most of the growth in multi-family developing is happening in Hudson Oaks. Weatherford, Texas, part of the Dallas/Fort Worth Metroplex, is a bedroom community of Fort Worth, which is immediately to the east and strategically located for commuters. West Fort Worth is experiencing explosive growth all along the Interstate 20 Corridor as tenants seek highly ranked school districts and new housing stock. In under 35-minutes, residents can reach the Fort Worth Hospital District, Downtown Fort Worth, Lockheed Martin, Texas Christian University and Miller Coors Brewing. Weatherford is the largest city in Parker County, one of the top 10 fastest growing counties in Texas. Since 2000 Weatherford has grown from a population of 19,000 to over an estimated 40,000 in 2022. In addition, Fort Worth’s expected population growth from 900,000 to 1,500,000 in 2040 is expanding housing needs and spurring real estate opportunities into communities such as Weatherford. Developers and investors are afforded an expedited opportunity to build a community that will last a lifetime with the Weatherford Townhome Finished Lots.