Product image
DEVELOPER DEAL
Product image
Product image
Product image

2490 W Henderson St, Cleburne TX

$5995000.00

Quantity

X+

πŸ“Š2490 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 – ideal for immediate development

β€’ Location: Prime growth corridor in Johnson County

πŸ’°πŸ’°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

πŸ—πŸ— Subdivision Scope

β€’ Lot Count: Up to 350 residential lots

β€’ Lot Size: Minimum 7,000 sq ft per lot

β€’ Utilities: Accessible – Electric, Sewer, & Water available

β€’ Estimated All-In Development Cost per Lot: $45,000

β€’ Project Type: Master-planned residential community

πŸ“ˆπŸ“ˆFinancial 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%

🌟🌟Why 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