Land For Sale
1110 Military Parkway
Mesquite, TX 75149
This +/- 10.14-acre redevelopment site is conveniently located one-half mile east of the I-635 on Military Parkway in Mesquite, TX. The site rests within the new downtown expansion corridor (Jan 2018) and the Military Parkway Overlay District (Ordinance 3846). Parcel zoning is split between commercial and single-family residential zoning but future developers would likely be best served by taking advantage of the Towne Centre TIRZ No 2. All major utilities are accessible along Military Parkway.
Key benefits include:
• A city with an aggressive growth plan for the downtown expansion corridor along Military Parkway.
• Conveniently located approximately one-half mile from I-635
• Tax Incremental Financing Available (Contact City).
• Possible redevelopment site for retail, flex-industrial, or residential townhomes.
Mesquite offers residents of all ages a variety of reasons to call this place home. With both established neighborhoods and new growing ones, quality schools, shopping, and entertainment, Mesquite is proving itself to be a solid suburban market to the Dallas Fort Worth Area.
The Mesquite Independent School District provides growth from elementary schools, middle, and high schools that keep community and education at its center. The district has innovative early reading programs and later offers technical and career skills such as culinary arts, automotive, and engineering programs, all of which promote student educational growth from foundation to future. There are also several higher education campuses located in or near Mesquite including Eastfield College, Texas A&M Commerce, Cambridge University, and Remington College.
The historic City Lake Park in the downtown Mesquite area has been undergoing renovations to encourage its enjoyment by local residents and tourists. This is only one of seventy-six parks boasted by Mesquite - a certified Tree City USA. Mesquite also has over four miles of walking trails in the city and twelve recreational centers for lovers of the outdoors, exercise, and the outdoors. Other attractions include Celebration station, Devil's Bowl Speedway, Mesquite Rodeo Arena, and more.
The City of Mesquite offers great opportunities for building a corporate presence in the Dallas / Fort Worth market. Industrial based companies enjoy competitive market rents in the market among the more than 12 million square feet of industrial inventory in the Mesquite sub-market and an estimated $1.9 billion in asset values. The industrial base has been a proven, consistent opportunity for both the investors, the tenants, and the workforce who depend on the industry.
The retail industry also holds a solid base in Mesquite with approximately 10 million square feet of retail inventory and over $2 billion in assets. The Town East Mall has historically reported a mid-90% occupancy year-round. Area rental growth has averaged about 2% per year.
The office industry in Mesquite is also growing with over 65,000 square feet of new construction underway in 2019. Rental rates have been averaging just shy of $20 per square foot and are supported by the high population growth which provides more office administrative and healthcare workforce every year.