521 NEW HOPE ROAD W, NEW HOPE, TX 75071

Homes for sale in New Hope.

Homes for sale in 75071.


Active

List Price$750,000

521 New Hope Road W

New Hope, TX 75071

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Listing #21353733

2

Acres

Lots / Land

Type

About This Property

±2.0-acre commercial land opportunity at 521 & 541 W New Hope Rd, located inside the Town of New Hope town limits in Collin County, approximately 0.6 miles northeast of the point where TxDOT's proposed US 380 Bypass reconnects to existing US 380 at FM 1827 - a location TxDOT has identified as a planned grade-separated interchange.? The property is zoned CC - Community Commercial under Town of New Hope Comprehensive Zoning Ordinance No.? 2024-010, requiring no rezoning for permitted commercial uses.? Water service is available through North Collin Special Utility District with a water line to the site, and the tract offers ±200 LF of frontage on New Hope Rd W (FM 1827).? No floodplain is shown onsite per the FEMA Flood Map.? The tract lies outside any sewer CCN and is served by on-site septic, which favors lower-flow commercial uses while preserving the site for higher-intensity development should sanitary sewer reach New Hope.? Long-term value is supported by TxDOT's September 2023 Record of Decision on the bypass corridor, right-of-way acquisition that began in 2024, Collin County's ±$227.1 million commitment to advance utility relocations, and an additional $700 million allocated to the US 380 corridor in TxDOT's 2025 Unified Transportation Program.? Positioned in the growth corridor between McKinney and Princeton, this is a compelling small-acreage land hold in one of North Texas' fastest-growing submarkets.?

Property Features

Location Information

County

Collin

Subdivision

Ht Chenoweth Surv Abs #157

Interior Features

Has Fireplace

No

Exterior Features

Utilities

Electricity Available, Septic Available, Water Available

Zoning

CC - Community Commercial in Town of New Hope

Lot Description

Acreage, Few Trees, City Lot

Development Status

Zoned

Lot Size in Acres

2

Road Description

Farm to Market Road, Asphalt

Lot Size in Sq. Ft.

87,120

Is One Story

No

Current Use

Residential, Single Family

Lot Description

Acreage, Few Trees, City Lot

School

Elementary School District

McKinney ISD

Jr. High School

Faubion

Elementary School

Webb

High School

Mckinney

Additional Information

Property Type

LL

Has a Home Owners Association

No

Property SubType

Improved Land

Tax Annual Amount

3020.0

Year Built

1954

Documents Available

Aerial

Status

Active

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$3,502

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,702

Monthly Tax

$625

Monthly Insurance

$175

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.

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