500 N STATE HIGHWAY 5 N, BLUE RIDGE, TX 75424

Homes for sale in Blue Ridge.

Homes for sale in 75424.


Active

List Price$372,000

500 N State Highway 5 N

Blue Ridge, TX 75424

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Listing #21312924

1.01

Acres

Lots / Land

Type

About This Property

Rare opportunity to own a highly visible property located directly on State Highway 78 in the rapidly growing Blue Ridge area of Collin County. Perfectly positioned between 121 and 380. This property offers a unique combination of residential use, highway frontage, and future commercial potential with beautiful views. Excellent investment, owner-user, or redevelopment opportunity. Builders, Investors, and Business Owners whether you envision a stunning custom home or an exciting commercial development, this versatile lot offers endless possibilities. 1.01-acre corner-style, no HOA, commercial opportunity with High-visibility along State Highway 78 frontage which is hard to find. Also a rear street access for additional ingress-egress. City water, sewer, and electric already on site. 1,377 sq. ft. shop with dedicated office area featuring a 39x27 main workspace and an additional 18x18 which can be used as office or storage. Residentially zoned but primed for rezoning to commercial use. Minutes from Melissa, McKinney, Farmersville, Princeton, Greenville and other rapidly growing areas. Just minutes from Melissa, one or the fastest growing. communities in North Texas, convenient access to: *HEB * Buc-ee's * Walmart * Kroger * Restaurants and retail shopping * Medical offices and healthcare facilities * Melissa ISD and community amenities Easy Access to Major Highways Conveniently positioned with access to: * State Highway 78 * U.S. Highway 380 * U.S. Highway 75 * Sam Rayburn Tollway (SH 121) * Dallas-Fort Worth Metroplex *The house has little or no contributory value and the real value is in the land, Highway 78 frontage, and the shop-office building.

Property Features

Location Information

County

Collin

Subdivision

N-A

Interior Features

Has Fireplace

No

Exterior Features

Utilities

Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available

Possible Best Use

Commercial, Development, In

Fencing

None

Zoning

Zoned residential with opportunity for commercial

Other Structures

Garage(s), Mobile Home

Development Status

Streets Installed

Lot Description

Acreage, Back Yard, Corner Lot, Lawn, Few Trees, Wooded, City Lot

Road Description

City Street, Highway, All Weather Road, Asphalt, Conc

Lot Size in Acres

1.012

Is One Story

No

Lot Size in Sq. Ft.

44,082

Lot Description

Acreage, Back Yard, Corner Lot, Lawn, Few Trees, Wooded, City Lot

Current Use

Other

School

Elementary School District

Blue Ridge ISD

Jr. High School

Blueridge

Elementary School

Blueridge

High School

Blueridge

Additional Information

Property Type

LL

Has a Home Owners Association

No

Property SubType

Unimproved Land

Tax Annual Amount

3128.0

Year Built

1987

Lot Acres Source

Assessor

Status

Active

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$1,736

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,340

Monthly Tax

$310

Monthly Insurance

$86

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

Walk Score

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