$6,360,000
17.51± Acres
Active
Johnson County, TX

600 N Parkway Drive, Alvarado, Texas

MLS ID: 21418607
Status: Active
Price: $6,360,000
Acres: 17.51±
Type: Land
Address: 600 N Parkway Drive
City, State: Alvarado, TX
County: Johnson County
ZIP Code: 76009
Parcel Number: 126031301300

Description

PRIME 312-UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY – CITY-APPROVED PLANS! Exceptional development site strategically located along Highway 67 in Alvarado, Texas, within the growing Dallas–Fort Worth metropolitan area. The property is zoned for a 312-unit apartment community, with city-approved development plans and a complete set of engineering drawings available. This outstanding opportunity offers developers and investors a significant head start by reducing entitlement risk, planning expenses, and development timelines. Excellent highway visibility, convenient regional access, and a desirable location in rapidly expanding Johnson County make this an attractive multifamily investment opportunity. Ideal for apartment developers, institutional investors, and builders seeking a large-scale, city-approved multifamily project in North Texas. Contact the listing broker for development plans and additional information.

Directions: From Fort Worth, take I-35 W South toward Alvarado. Take the US Highway 67 exit and head east toward Dallas. The property is located along Highway 67, just east of I-35 W, near North Parkway Drive. GPS: 701 W Highway 67, Alvarado, TX 76009.

Additional Information

Exterior

Lot Features: Acreage, City Lot
Lot Size Area: 18
Lot Size Square Feet: 762,866
Lot Size Units: Acres
Road Frontage Type: City Street
Water Source: Public

Financial/HOA/Schools

Elementary School: Alvarado N
Elementary School District: Alvarado ISD
Middle School: Alvarado
Middle School District: Alvarado ISD
High School: Alvarado
High School District: Alvarado ISD
Subdivision Name: The Parkview At Alvarado
Tax Annual Amount: 7620
Zoning Description: Multifamily

Extra Information

Documents Available: Engineering Report, Floorplan
Karen Lenz

Karen Lenz

Cross Plains, Texas

(325) 668-3604

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You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: November 14, 2026 at 12:06:53 AM UTC. Copyright 2026 North Texas Real Estate Information Systems, Inc. Listings marked with the NTREIS logo are provided courtesy of the North Texas Real Estate Information Systems, Inc. Internet Data Exchange.

Listed By: Mohsen Tartibi of Symphony Commercial, Llc