Economic Development
 

Available Properties: Industrial & Commercial/Retail

Industrial Parks: South I-45 and Texas Highway 31 - East

The City of Corsicana, Texas (City) owns and maintains both the South Interstate Highway 45 Industrial Park (I-45 Park) that consists of approximately 161 acres of prime industrial property, and the Texas Highway 31 - East Industrial Park (TX 31 Park) that consists of approximately 189 acres of prime industrial property. The Parks are both fully owned by the City.

Aerial Photograph - City of Corsicana, Texas (Industrial Parks Identified: South I-45 and Texas Highway 31 - East )

A conditional land grant/loan is available at "no-cost" from the City for land located in either of the Industrial Parks to industries in consideration for a significant ($10+ million) capital investment, and the creation of a substantial number (50+) of new, full time (e. g. 40 hours per week) jobs.

The conditional land grant/loan remains in effect for a period of twenty (20) years. A pro-rated portion of the conditional land grant/loan is forgiven annually for a term of twenty years (1/20th per year) as long as the company creates and maintains its projected capital investment and creates and maintains the required number of new, full time jobs. In the event the investment and/or the number-of-jobs are not retained, the remaining balance of the land grant/loan is due and payable. The conditional land grant/loan is available on a first-come-first serve basis only. The conditional land grant/loan, tax abatements, and other economic incentives may be reviewed on the Economic Incentives web page.

 

  • South I-45 Industrial Park (I-45 Park)

The I-45 Park consists of approximately 161 acres of prime industrial property located to the south of the City along and with direct accessibility to Interstate 45. The I-45 Park is owned and maintained by the City. The I-45 Park is fully annexed into the City with Union Pacific rail service located immediately adjacent to the property.

 

  • Texas Highway 31 - East Industrial Park (TX 31 Park)

The TX 31 Park consists of approximately 189 acres of prime industrial property located to the east of the City along and with direct accessibility to Texas Highway 31; the TX 31 Park is located within three (3) minutes drive time to the east from I-45. The TX 31 Park is owned and maintained by the City. The TX 31 Park has Union Pacific rail service located immediately adjacent to the property.

Industrial Buildings

There are several privately owned industrial class buildings available in the City of Corsicana, Texas (City). Below please find information that pertains specifically to each of these buildings that are currently available in the City. Tax abatements for real property improvements and personal property improvements (machinery and equipment, and certain "non-mobile" personal property may be available as well. These tax abatements and other economic incentives may be reviewed on the Economic Incentives web page.

Commercial/Retail Properties

Within the City of Corsicana, Texas (City), there are several existing properties that are readily available for commercial / retail developments. Listed below please find existing properties that would be ideal for commercial / retail development and expansion projects. Addition information regarding retail development in the City may be found on the Retail Trade Information web page of the Economic Development Department web site.

  • The Corsicana Downtown District (Corsicana Central Business District)
  • image10 Stewart Motor Company Property (Available property located in the Downtown District, approximately 2.48 acres of real property)

 

* NOTE: Available real properties are shown with a heavier black line surrounding the boundaries of these properties with the approximate acreage and the property identification number ("R#####") listed inside the boundaries of the subject property. Go to the Southwest Data web site, then select [1] "Navarro County", [2] "Property Search" tab, [3] select "Property Identification" and [4] enter the Property Identification number as follows: "R#####". The web site will provide the selected data for each individual parcel of property.

 

 

 

 

  • Commercial Retail Development Property - NW Corner of TX Hwy 31 & 45th Street
  • 31 Commercial 31 Commercial Park: 266+ Acres (Located at NW Corner of Texas Highway 31 & 45th Street/FM 2555)

 

  • The Karns Retail Development Property - SE Corner of TX Highway 31 and 45th Street
  • College Park Mall 2 Karns Retail Development (Approximately 3.73 Acres)

 

  • Tiger Stadium Property (23.101 Acres: Corsicana Independent School District Property)
  • iamge1 Tiger Stadium Property