Description

1.2 +/- acre lot on IH35 northbound frontage road, in a great location across from Slovacek’s and close to Czech Stop. High traffic count (over 77k vehicles per day) and positioned well for retail, including fast food. New McDonald’s less than a mile away and Starbucks under construction nearby. The city of West is growing rapidly with several new residential developments underway. Property is located within the Heart of Texas Opportunity Zone. Incentives include a temporary tax deferral and a step-up in basis for capital gains reinvested in an Opportunity Zone Fund and a permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified Opportunity Zone Fund if the investment is held for at least 10 years.