Discover an unparalleled investment opportunity in Lindale, Texas. This expansive 129.54-acre parcel is positioned to capitalize on Lindale’s flourishing community and exceptional school district. Priced competitively at $2,300,000, this property offers significant potential for residential development. Key Features: • Size: 129.54 acres • Utilities: Water, sewer, and electricity available at the road • Location: Convenient access to local amenities and major roadways Exceptional School District: Lindale Independent School District (Lindale ISD) is recognized as one of the top-performing districts in Texas. With a ranking in the top 5% statewide, Lindale ISD boasts impressive academic performance metrics: • Math Proficiency: 73% • Reading Proficiency: 74% • Science Proficiency: 71% • Graduation Rate: 99% These achievements highlight the district’s commitment to educational excellence, making this property ideal for families seeking quality education for their children. Demographic and Economic Highlights: The local community is characterized by demographics with a strong professional employment base. Key economic indicators include: • Average Household Income: $111,687 • Disposable Income: $86,455 • Unemployment Rate: 3.4%, below the national average These factors contribute to a vibrant local economy, bolstered by a high homeownership rate of 84.4%. Real Estate Market Analysis: Lindale’s real estate market is robust, reflecting a healthy growth rate and substantial purchasing power among residents. The area’s population has grown by 8.27% since the last census, underscoring its appeal as an attractive place to live. The median home value, currently at $315,220, has seen slight recent adjustments, presenting an opportune moment for investors to enter the market. Residential Development Potential: This expansive parcel is apt for residential development: • Subdivision Development: The property is ideal for creating a new residential subdivision. With

Listing courtesy of Jarrod Ver Hey of Staples Commercial Group, LLC



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Data Last Updated - 2024-10-15 07:30 PM UTC