450 E Parkerville Rd

The property is located in Cedar Hill off of E Parkerville Rd, in the broader submarket of DFW. The broader DFW market continues to see strong demand and robust growth for real estate. There is a steady population increase contributing to this broad market demand for housing, retail, and services. Current barrier in the market is debt and interest rates creating some headwinds for growth and expansion. Lennar homes is currently planning to build a 247 home development in Cedar Hill. Pratt is planning to move and occupy 1M SF spending $200M on facility and equipment and employing 150 people. Population rose in Cedar Hill between the 2010 and 2020 census by 9.1%. Popular recreation activities in the area are Cedar Hill State Park and Joe Pool Lake.The property is located in the city of Cedar Hill which is a suburb of the DFW market. The property lies along E Parkerville Rd which is a secondary arterial road way that leads to HWY 35E to the east and HWY 67 to the west. The building is well positioned along E Parkerville Rd allowing for good visibility of the property, the property also has a monument sign along E Parkerville Rd. While the property has frontage and good ingress and egress on E Parkerville Rd, the majority of the property lies behind the building and wrapping around the neighbors property in a “L” shape. The neighbor to the west in a religious facility and all other neighbors to the property are residential. The property is currently zoned SF-22, a single family zoning in the city. The building itself appears to be in good condition and is well kept including the grounds and landscaping. Roof appears to be in good condition and is a laminated shingle roof. There are minor cosmetics issues that can easily be addressed. The only potential issue is one of the 3 HVAC units is inoperable indicated by the building occupant. Interior is finished out nicely and well kept. The building consists of the worship area, including 2 rooms with removable partitions, a kitchen, one classroom, and 2 restrooms. Only one classroom limits the usefulness of the building. The property has 48 parking spots. The property is serviced by utilities with the exception of sewer, the property currently has a septic system. The vacant land of the property is generally level with gentle slope to the south west corner. The vacant land is mowed and is clear with the exception of some trees to the south west side of the property. Current FEMA flood maps indicate the property lies outside the boundaries of a flood zone. The property has fencing on the southern and eastern boundary.