M&D Commercial Group is pleased to offer the opportunity to acquire 4226 Main Street, a 1,535 square feet home sitting on a 0.602
acre lot and, in the Urban Village District of Downtown Rowlett in a growing and affluent market. The property is located at Main
Street and Kirby Street, a short walk from the DART Blue Line Station which serves over 7,000 riders per day, and is minutes from the
President George Bush Turnpike with traffic counts of over 210,000 VPD, which connects Rowlett to Interstate 30. 4226 Main Street
is in the heart of downtown Rowlett close to Bankhead Brewing & Restaurant which does over $3,000,000 annually and the Village of
Rowlett Apartments & Townhomes with 274 units. The City of Rowlett is dedicated to making downtown Rowlett’s Urban Village District a thriving live, work, play mixed-use district and a destination point for the community.
The property is located in the MU-TS district (Mixed-Use Town Square District) with tax increment financing (“TIF” funds) available.
Rowlett commits to the Downtown TIF fund 50% of real property tax earned on value growth within the TIRZ boundary for a term
of twenty years after 2017. This twenty-year cash flow to the TIF fund is forecast at approximately $14.3 million. Projects funded or
financed by the TIF fund must be consistent with the TIRZ project plan and financing plan.
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