Commercial development/ investment opportunity in a fast growing corridor surrounding Rockwall. Located at 401 W Dogwood in Fate, this approx 1.31 acre site offers frontage and visibility on Highway 66, with current project in the works to rezone this to Commercial Neighborhood.
Currently improved with a leased residential home, the property presents both interim income potential and future redevelopment upside. This property creates a strong long term opportunity for investors, developers, or owner users seeking strategic positioning in a high-growth area.
Property Highlights
• Approximately 1.306 acres
• Frontage near Highway 66
• Existing 1,324 SF residential structure on site
• Currently agricultural/unzoned
• Neighboring properties transitioning to commercial use
• Future Land Use Plan supports commercial designation
• Strong visibility and accessibility in growing Fate corridor
• Potential uses include office, retail, professional services, contractor office, boutique commercial, and other low intensity commercial concepts
• Existing home currently leased, providing interim holding income potential
Investment Potential
The site is well positioned for commercial rezoning, with nearby growth and infrastructure supporting continued expansion throughout the corridor. Commercially designated land in this area continues to attract interest from developers and owner-occupants seeking frontage opportunities outside the more saturated Rockwall market.
City planning guidance indicates that commercial zoning would be considered compatible with the area’s long term vision, subject to city approvals.
Location Advantages
• Minutes from downtown Fate
• Close to Rockwall
• Easy access to Highway 66 and surrounding retail corridors
• Located within the expanding Fate growth path
• Strong residential growth supporting future commercial demand
• Convenient access to the greater Dallas-Fort Worth metroplex
Pricing
Call Broker for Pricing
Bethany Williams
Ridge Pointe Commercial Real Estate
