Mesquite Mixed-Use Land For Sale - 4737 Gus Thomasson Rd. Mesquite, TX
Investment Highlights
- 2.2 acres of Z31 zoned commercial land in Mesquite’s Gus Thomasson Road development corridor;
- Located approximately 2 miles from Town East Mall, a high-density residential submarket; multiple new apartment communities in the immediate area
- Seller financing available with substantial down payment for qualified buyers
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- City of Mesquite has indicated active interest in corridor development; municipal incentive programs may be available for qualifying projects
- Z31 zoning supports retail, restaurant, multifamily, medical office, and mixed-use development, broad flexibility for development programs
- 2019 Architecture Firm CallisonRTKL conceptual study showed 84-unit multifamily plus 14,400 SF retail as possible on this site
Description
Eureka Business Group is pleased to present the opportunity to acquire 4737 Gus Thomasson Road, a 2.2-acre commercial development site in Mesquite, Texas.
The property is zoned GR (General Retail) and is located within the Gus Thomasson Road corridor, an area identified by the City of Mesquite as a priority for redevelopment. GR is among Mesquite’s most flexible commercial zoning districts, permitting a broad range of potential uses, including retail, restaurant, medical office, multifamily residential, and mixed-use development, subject to applicable municipal approvals.
The site is located approximately two miles southwest of Town East Mall in a submarket that has experienced consistent multifamily development activity in recent years. A 2019 architectural study prepared by CallisonRTKL identified the conceptual potential for up to 84 apartment units and approximately 14,400 square feet of ground-floor retail under the zoning and development assumptions in place at that time.
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Prospective developers should consider the 2019 study a conceptual starting point only and conduct an independent feasibility analysis. Construction costs, multifamily capitalization rates, financing conditions, and residential absorption trends have changed materially since the study was completed.
The City of Mesquite has historically supported commercial and residential development activity along the Gus Thomasson Road corridor and has indicated openness to a range of development uses. Buyers interested in municipal incentives, grants, or city-facilitated development assistance should contact the Mesquite Economic Development Corporation directly during the due diligence period to confirm current program availability and eligibility requirements.
The property is offered at an asking price of $799,998. Seller financing may be available to qualified buyers with a substantial down payment.
To request the current property package, including the 2019 feasibility study and available city correspondence, contact Joseph Gozlan, Managing Principal of Eureka Business Group, at (903) 600-0616 or Joseph@EBGTexas.com.
Property Facts
Price: $799,998
Sale Type: Investment
Property Type: Land
Property Subtype: Commercial
Number of Lots: 1
Total Lot Size: 2.20 AC
Proposed Use: Commercial
Zoning: Z31
Zoning Description: Supports retail, restaurant, multifamily, medical office, and mixed-use development, offering broad flexibility for various development programs.
