000 COUNTY ROAD 1235, SAVOY, TX 75479

Homes for sale in Savoy.

Homes for sale in 75479.


000 County Road 1235

Savoy, TX 75479

Status of the property has changed, please contact for details

List Price$2,300,000

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Listing #21013131

Commercial

Type

About This Property

RV Park, Flex Office or Manufactured Home opportunity with no zoning restrictions! The tract is a distinctive land opportunity located at the northeast corner of FM 1235 and Hwy 82 in Savoy, Texas. This property spans roughly 64.575 acres, showcasing 770 feet of frontage on Hwy 82, and includes a residence currently under a leasing agreement. Thanks to an agricultural exemption, Savoy 82 enjoys a reduction in tax liability, making it an even more attractive investment. Situated just 59 miles north of Dallas, the site is within a 45-minute drive of a workforce exceeding 550,000, offering substantial accessibility and potential for various development projects and investment potential. Given its position outside city limits, the property comes with few use restrictions, presenting a versatile opportunity. The proximity to Bonham, just 8 miles east, with a population of 27,000 and the recently opened Bois d'Arc Lake, hints at a vibrant area on the cusp of growth, expected to generate around 2,400 new jobs. Furthermore, being 11 miles from Sherman, a city with a population of 45,000 and undergoing massive expansions such as the Texas Instruments Chip Manufacturing Facility and Globitech's $5 billion expansion, indicates a region brimming with economic activity and potential. These developments are anticipated to create thousands of jobs, reinforcing the area's economic base. Additionally, the recent announcements from Hard Rock Hotel and Margaritaville Resorts about establishing locations on Lake Texoma, merely 35 miles north, suggest an increase in tourism and leisure opportunities, further enhancing the property's appeal. Savoy 82 is not just a piece of land; it's a gateway to a myriad of development possibilities, fueled by the surrounding economic expansions and the increasing appeal of the region.

Property Features

Location Information

County

Fannin

Subdivision

CHARLES CANTREL

Interior Features

Has Fireplace

No

Exterior Features

Water / Sewer

Electricity Available, Septic Available, Water Available

Lot Size in Sq. Ft.

2,812,887

Utilities

Electricity Available, Septic Available, Water Available

Zoning

Savoy ETJ - No zoning restrictions

Lot Description

Acreage, Agricultural

Is One Story

No

Lot Size in Acres

64.575

Lot Description

Acreage, Agricultural

Additional Information

Property Type

COM

Status

Active

Property SubType

Unimproved Land

Tax Annual Amount

4495.0

Year Built

1989

Lot Acres Source

Other

Similar Listings

Mortgage Calculator

$10,740

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$8,288

Monthly Tax

$1,916

Monthly Insurance

$536

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

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