Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2552/ Marcus & Millichap is pleased to present a 4.22-acre vacant land parcel located at 1424 Chiesa Road (“Property”) in Rowlett, Texas. The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development. The Property is a ±4.22-acre parcel situated at the signalized intersection of Lakeview Parkway with traffic counts of 32,126 vehicles per day and Chiesa Road with traffic counts of 7,786 vehicles per day.  This prime commercial corner offers excellent visibility and development potential for a variety of service providers and retailers. It has over 500 feet of frontage on Chiesa Road and 184 feet of frontage on Lakeview Parkway. Although the frontage on Lakeview Parkway is not sufficient for a driveway, it can provide excellent signage for businesses on the property.  The Property is currently zoned C-2 General Commercial District with permitted uses including retail, professional office, bank, restaurant, and more. Neighboring properties to the south include "Savannah at Lakeview," a recently built 272-unit senior living complex comprising 7 buildings. Immediately east is a 2-story 80,000 SF medical office building. To the north there is a first-class day care and learning center. Medium-density residential begins to the west and north. Rowlett is a rapidly growing suburb located approximately 20 miles northeast of downtown Dallas, situated along the shores of Lake Ray Hubbard. With a population exceeding 70,000, Rowlett has experienced significant growth, driven by its strategic location and proactive economic development initiatives. Rowlett offers direct access to major transportation corridors, including the President George Bush Turnpike (PGBT) and Interstate 30, facilitating seamless connectivity to the greater Dallas–Fort Worth metroplex. The Property is located in an affluent area with an average household income of $117,007 within a 3-mile radius and a population of 155,996 residents and an average household income of $116,892 within a 5-mile radius.