521 NEW HOPE ROAD W, NEW HOPE, TX 75071
Homes for sale in New Hope.
Homes for sale in 75071.
List Price$750,000
521 New Hope Road W
New Hope, TX 75071
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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Mortgage Calculator
$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.
Schools
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