2.5 Acres Farmers Branch Multifamily Land (DFW) — Sale in Farmers Branch, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Farmers Branch, TX 75234

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2.5 Acres Farmers Branch Multifamily Land (DFW) — Sale in Farmers Branch, TX, photo 1 of 3
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Description

Marcus & Millichap is pleased to present 12099 Luna Road, a shovel-ready 2.50-acre development site in Farmers Branch, Texas, entitled for 145 multifamily units across seven distinct floor plans. Zoned PD-88 Multi-Family with all utilities available, the approved plan supports up to seven stories with five residential levels over two levels of podium parking. Full architectural drawings, market study, survey, Phase I environmental, and geotechnical report are available, reducing pre-development risk and timeline. The site sits within the 93-acre Mercer Crossing district with direct access to I-635 and the President George Bush Turnpike. Local demand drivers include 83,748 Farmers Branch jobs, approximately 12,000 Cypress Waters employees, and FormFactor's $140 to $170 million semiconductor expansion adding 600+ jobs. Contact David Fersing at (972) 755-5151 for more information. Investment Highlights: • Fully entitled 2.50-acre site zoned PD-88 Multi-Family with all utilities available, allowing a developer to move toward construction while minimizing entitlement and infrastructure risk. • Approved plan for 145 units across seven distinct floor plans in up to seven stories, with five residential levels over two levels of podium parking. • Seven-property Mercer Crossing comp set averages 93% occupancy at $1,873 per unit, supported by 83,748 Farmers Branch jobs and approximately 12,000 employees at Cypress Waters.

Market Context

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