1680 Boyd Rd, Azle, TX, 76020

1680 Boyd Rd Azle, TX 76020

1680 Boyd Rd, Azle, TX, 76020
Aerial View - Property Outline
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FOR SALE
Property Type:
Multifamily Land
Amount:
$1,150,000
Last Verified:
Aug 26, 2024

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Description

18 Acres of MultiFamily-2 zoned land (24 Units /acre, typically a 2-story garden style) on a main thoroughfare in an area that would benefit from additional high density living. Property has a 480' Well, 2 Large Septic Systems and a Fire Hydrant at Sandy Beach. There is a water Treatment facility within a mile of this property. There is an opportunity to partner with the city to offset some expense.

Azle is a suburban community only 16 miles from Downtown Ft Worth with a rural quality of life. It offers outdoor style living as it borders Eagle Mountain Lake to the east and Cross Timbers Golf Course to the west. Horses and cattle still have room to roam and homebuyers have the choice of affordable, new starter homes to homes in excess of half a million dollars.
Sitting on the Tarrant / Parker County line along State Highway 199, is home to quality schools and healthcare, as well as cultural and business opportunities. Azle is already home to a number of businesses, but has the resources and room to grow. Industrial and commercial real estate are both available and affordable. From business services and retail, to industry and manufacturing, a selection of local, regional, and national firms thrive in the area.

Lot Size: 18.0 acres


Documents

Offering Memorandum

Map of 1680 Boyd Rd, Azle, TX, 76020

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.