2490 W Henderson St, Cleburne TX
$5995000.00
Quantity
π2490 W Henderson St, Cleburne TX
Property Overview :
β’ Address: Henderson St, Cleburne, TX 76033
β’ Size: 107.32 Acres
β’ Zoning: Approved for Single Family Residential
β’ Potential: Up to 350 lots at 7,000 sq ft each
β’ Terrain: Level β ideal for immediate development
β’ Location: Prime growth corridor in Johnson County
π°π°Deal Structure
β’ Purchase Price: $5,995,000
β’ Contracted Direct from Seller
β’ Clean title & escrow via Patten Title (Kristin Blay)
β’ Buyer to pay all closing costs
β’ Assignment Fee included in pricing
ππ Subdivision Scope
β’ Lot Count: Up to 350 residential lots
β’ Lot Size: Minimum 7,000 sq ft per lot
β’ Utilities: Accessible β Electric, Sewer, & Water available
β’ Estimated All-In Development Cost per Lot: $45,000
β’ Project Type: Master-planned residential community
ππFinancial Outlook
β’ Purchase Price: $5,995,000 β’ Total Estimated Development Cost: $15,750,000 (350 x $45,000)
β’ Total Investment: $21,343,425 β’ Projected Sales Revenue: $29,750,000 (350 x $85,000/lot)
β’ Net Profit: ~$8,406,575 β’ ROI: ~39.39%
ππWhy This Site?
β’ Level terrain = reduced grading costs
β’ Strong market demand in Cleburne & Johnson County
β’ Ideal for builders, developers, or investment groups
β’ Rapidly growing submarket with infrastructure expansion
β’ Amazon is building their new 1 million sq ft facility in Cleburne, TX - 5 minutes from here